MarketWise, Inc. (NASDAQ:MKTW – Get Rating) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 625,600 shares, a decrease of 18.8% from the November 30th total of 770,900 shares. Based on an average trading volume of 153,700 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.0% of the company's shares are sold short.

Insider Buying and Selling at MarketWise

In other MarketWise news, Director Riaan Hodgson acquired 26,149 shares of the business's stock in a transaction on Tuesday, November 8th. The shares were bought at an average price of $2.13 per share, with a total value of $55,697.37. Following the transaction, the director now directly owns 121,689 shares of the company's stock, valued at approximately $259,197.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 22.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MKTW. Greenhaven Road Investment Management L.P. grew its holdings in MarketWise by 74.2% during the third quarter. Greenhaven Road Investment Management L.P. now owns 4,355,844 shares of the newsletter publisher's stock worth $9,931,000 after acquiring an additional 1,855,844 shares during the period. Jane Street Group LLC acquired a new stake in MarketWise during the third quarter worth about $33,000. Alliancebernstein L.P. acquired a new stake in MarketWise during the third quarter worth about $26,000. State Street Corp grew its holdings in MarketWise by 7.2% during the third quarter. State Street Corp now owns 294,265 shares of the newsletter publisher's stock worth $671,000 after acquiring an additional 19,892 shares during the period. Finally, Eschler Asset Management LLP grew its holdings in MarketWise by 6.1% during the third quarter. Eschler Asset Management LLP now owns 110,851 shares of the newsletter publisher's stock worth $253,000 after acquiring an additional 6,375 shares during the period. 24.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MarketWise Trading Down 0.6 %

MarketWise stock opened at $1.68 on Tuesday. The stock has a 50-day moving average of $2.03 and a two-hundred day moving average of $2.64. MarketWise has a one year low of $1.52 and a one year high of $7.62.

MarketWise (NASDAQ:MKTW – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The newsletter publisher reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.27). The firm had revenue of $119.93 million during the quarter, compared to analyst estimates of $121.00 million. MarketWise had a net margin of 4.19% and a negative return on equity of 13.34%. As a group, sell-side analysts forecast that MarketWise will post 0.08 earnings per share for the current year.

MarketWise Company Profile

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MarketWise, Inc operates a multi-brand platform of subscription businesses that provides financial research, software, education, and tools for investors in the United States and Internationally. The company offers a portfolio of independent investment research, as well as various software and analytical tools on a subscription basis.

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