Janney Montgomery Scott LLC purchased a new stake in shares of MarketWise, Inc. (NASDAQ:MKTW – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 94,097 shares of the newsletter publisher's stock, valued at approximately $215,000.

Several other large investors have also added to or reduced their stakes in the company. Raymond James & Associates purchased a new position in MarketWise during the third quarter valued at approximately $39,000. State Street Corp lifted its holdings in MarketWise by 204.4% during the second quarter. State Street Corp now owns 274,373 shares of the newsletter publisher's stock valued at $988,000 after purchasing an additional 184,248 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of MarketWise by 12.8% in the second quarter. Renaissance Technologies LLC now owns 100,200 shares of the newsletter publisher's stock worth $361,000 after buying an additional 11,400 shares in the last quarter. American International Group Inc. purchased a new position in shares of MarketWise in the second quarter worth $29,000. Finally, Northern Trust Corp lifted its holdings in shares of MarketWise by 241.1% in the second quarter. Northern Trust Corp now owns 157,973 shares of the newsletter publisher's stock worth $569,000 after buying an additional 111,658 shares in the last quarter. Hedge funds and other institutional investors own 24.21% of the company's stock.

Insider Transactions at MarketWise

In other MarketWise news, Director Riaan Hodgson acquired 26,149 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average cost of $2.13 per share, with a total value of $55,697.37. Following the completion of the purchase, the director now directly owns 121,689 shares in the company, valued at $259,197.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.63% of the company's stock.

Analysts Set New Price Targets

MarketWise Trading Up 8.5 %

MKTW stock opened at $2.43 on Friday. MarketWise, Inc. has a twelve month low of $1.52 and a twelve month high of $6.04. The firm's fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $2.45.

MarketWise (NASDAQ:MKTW – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The newsletter publisher reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.27). The company had revenue of $119.93 million during the quarter, compared to the consensus estimate of $121.00 million. MarketWise had a negative return on equity of 13.34% and a net margin of 4.19%. Analysts anticipate that MarketWise, Inc. will post 0.08 EPS for the current year.

MarketWise Company Profile

(Get Rating)

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.

Featured Articles

• Get a free copy of the StockNews.com research report on MarketWise (MKTW)
• MarketBeat Week in Review – 1/23- 1/27
• Why Lucid Spiked Nearly 100% In One Day
• Ride These Railroad Stocks for Growth and Income
• ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
• KLA Corporation: Strength In A Troubled Semi-Market

Receive News & Ratings for MarketWise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketWise and related companies with MarketBeat.com's FREE daily email newsletter.