Shares of MarketWise, Inc. (NASDAQ:MKTW – Get Rating) have been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $10.83.
A number of equities analysts have weighed in on the stock. JMP Securities dropped their target price on shares of MarketWise from $14.00 to $13.00 and set a “market outperform” rating for the company in a research note on Thursday, April 7th. Wedbush downgraded MarketWise from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $11.00 to $6.00 in a report on Friday, March 11th. UBS Group decreased their price objective on MarketWise from $13.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 14th. Raymond James cut MarketWise from an “outperform” rating to a “market perform” rating in a research note on Friday, March 25th. Finally, Zacks Investment Research lowered MarketWise from a “buy” rating to a “hold” rating in a research note on Wednesday, January 12th.
In other news, major shareholder Frank Porter Stansberry bought 10,938 shares of the firm’s stock in a transaction that occurred on Monday, January 24th. The stock was acquired at an average cost of $5.72 per share, with a total value of $62,565.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:MKTW traded down $0.12 during trading on Wednesday, reaching $3.91. The stock had a trading volume of 6,360 shares, compared to its average volume of 185,990. The business’s 50-day moving average price is $4.84 and its 200 day moving average price is $6.13. MarketWise has a 52 week low of $3.90 and a 52 week high of $16.97.
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.
- Get a free copy of the StockNews.com research report on MarketWise (MKTW)
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