In a report released yesterday, Devin Ryan from JMP Securities reiterated a Buy rating on MarketWise (MKTW – Research Report), with a price target of $5.50. The company’s shares closed yesterday at $1.47.
According to TipRanks, Ryan is a top 100 analyst with an average return of 15.8% and a 66.06% success rate. Ryan covers the Financial sector, focusing on stocks such as Lazard, LPL Financial, and Goldman Sachs Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MarketWise with a $3.83 average price target.
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MKTW market cap is currently $604.1M and has a P/E ratio of 3.26.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MKTW in relation to earlier this year.
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Ascendant Digital Acquisition Corp is a blank check company.
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