$135.26 Million in Sales Expected for MarketWise, Inc. (NASDAQ:MKTW) This Quarter

Equities analysts predict that MarketWise, Inc. (NASDAQ:MKTWGet Rating) will report $135.26 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for MarketWise’s earnings. The highest sales estimate is $138.00 million and the lowest is $133.00 million. MarketWise reported sales of $142.13 million during the same quarter last year, which would suggest a negative year over year growth rate of 4.8%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that MarketWise will report full year sales of $549.64 million for the current year, with estimates ranging from $542.93 million to $554.00 million. For the next fiscal year, analysts forecast that the business will report sales of $608.45 million, with estimates ranging from $590.00 million to $627.36 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow MarketWise.

A number of brokerages recently issued reports on MKTW. Raymond James lowered shares of MarketWise from an “outperform” rating to a “market perform” rating in a research report on Friday, March 25th. Oppenheimer decreased their price target on shares of MarketWise from $10.00 to $5.00 in a report on Tuesday. Needham & Company LLC decreased their price target on shares of MarketWise from $11.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 11th. UBS Group decreased their price target on shares of MarketWise from $13.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 14th. Finally, JMP Securities decreased their price target on shares of MarketWise from $14.00 to $13.00 and set a “market outperform” rating on the stock in a report on Thursday, April 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $7.97.

Several large investors have recently bought and sold shares of MKTW. Victory Capital Management Inc. acquired a new position in shares of MarketWise during the 3rd quarter valued at $312,000. Monashee Investment Management LLC acquired a new position in shares of MarketWise during the 3rd quarter valued at $2,478,000. BlackRock Inc. acquired a new position in shares of MarketWise during the 3rd quarter valued at $414,000. Formidable Asset Management LLC acquired a new position in shares of MarketWise during the 3rd quarter valued at $673,000. Finally, Magnetar Financial LLC purchased a new stake in MarketWise during the 3rd quarter worth $862,000. Institutional investors and hedge funds own 65.75% of the company’s stock.

NASDAQ MKTW traded up $0.08 during mid-day trading on Friday, reaching $2.62. 188,314 shares of the stock were exchanged, compared to its average volume of 237,194. MarketWise has a 1-year low of $2.28 and a 1-year high of $16.97. The business’s fifty day simple moving average is $4.17 and its 200 day simple moving average is $5.62.

About MarketWise (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.

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