Summary
0.72 -0.02(-3.00%)09/16/2024
Marketwise Inc (MKTW)
Marketwise Inc (MKTW)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -3.00 | -9.14 | -8.45 | -40.98 | -61.79 | -59.55 | 0.00 | -95.46 |
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| Trading Data | ||
| Close | 0.72 | |
| Open | 0.76 | |
| High | 0.79 | |
| Low | 0.72 | |
| Volume | 52,523 | |
| Change | -0.02 | |
| Change % | -3.00 | |
| Avg Volume (20 Days) | 112,181 | |
| Volume/Avg Volume (20 Days) Ratio | 0.47 | |
| 52 Week Range | 0.70 - 3.60 | |
| Price vs 52 Week High | -79.98% | |
| Price vs 52 Week Low | 2.96% | |
| Range | -4.47 | |
| Gap Up/Down | 0.01 | |
Fundamentals | ||
| Market Capitalization (Mln) | 235 | |
| EBIDTA | 0 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 12.43 | |
| Book Value | 0.0000 | |
| Earnings Per Share | -55.5060 | |
| EPS Estimate Current Quarter | 0.0000 | |
| EPS Estimate Next Quarter | 0.0000 | |
| EPS Estimate Current Year | -2.8900 | |
| EPS Estimate Next Year | 0.2500 | |
| Diluted EPS (TTM) | -55.5060 | |
| Revenues | ||
| Profit Marging | -2.7409 | |
| Operating Marging (TTM) | -2.6920 | |
| Return on asset (TTM) | 0.0000 | |
| Return on equity (TTM) | 0.0000 | |
| Revenue TTM | 509,353,984 | |
| Revenue per share TTM | 20.2510 | |
| Quarterly Revenue Growth (YOY) | 0.4330 | |
| Quarterly Earnings Growth (YOY) | 0.0000 | |
| Gross Profit (TTM) | 209,452,000 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 13.2979 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 7.0009 | |
| Revenue Enterprise Value | 0.0551 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 25,152,500 | |
| Shares Float | 19,873,469 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 4.71 | |
| Institutions (%) | 50.42 | |
08/14 09:06 EST - globenewswire.com
MarketWise - Quarterly Report and Shareholder Letter
BALTIMORE, Aug. 14, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its quarterly report on Form 10-Q for the quarter ended June 30, 2024 and the interim CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The quarterly report on Form 10-Q and the CEO Letter to Shareholders will be available on the Company's website: https://investors.marketwise.com/sec-filings and MarketWise 2Q 2024 Interim CEO Letter to Shareholders , respectively.
MarketWise - Quarterly Report and Shareholder Letter
BALTIMORE, Aug. 14, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its quarterly report on Form 10-Q for the quarter ended June 30, 2024 and the interim CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The quarterly report on Form 10-Q and the CEO Letter to Shareholders will be available on the Company's website: https://investors.marketwise.com/sec-filings and MarketWise 2Q 2024 Interim CEO Letter to Shareholders , respectively.
08/13 11:26 EST - seekingalpha.com
MarketWise: High Uncertainty, But An Attractive Risk-Reward
MarketWise shares have fallen nearly 30% since the announcement of the resignation of its CEO. There is high uncertainty regarding the outcome of the turnaround that was taking place to return the business to profitable growth. Despite the risks involved, I believe the MKTW stock's cheap valuation, coupled with net cash representing half its market cap, presents an attractive risk-reward setup to go Long.
MarketWise: High Uncertainty, But An Attractive Risk-Reward
MarketWise shares have fallen nearly 30% since the announcement of the resignation of its CEO. There is high uncertainty regarding the outcome of the turnaround that was taking place to return the business to profitable growth. Despite the risks involved, I believe the MKTW stock's cheap valuation, coupled with net cash representing half its market cap, presents an attractive risk-reward setup to go Long.
08/02 07:30 EST - globenewswire.com
MarketWise Declares Dividend on Common Stock
BALTIMORE, Aug. 02, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share on August 1, 2024. A comparable distribution of $0.01 per unit has also been approved to holders of MarketWise, LLC units. The dividend and distribution will be paid on September 25, 2024. The Record Date is August 15, 2024.
MarketWise Declares Dividend on Common Stock
BALTIMORE, Aug. 02, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share on August 1, 2024. A comparable distribution of $0.01 per unit has also been approved to holders of MarketWise, LLC units. The dividend and distribution will be paid on September 25, 2024. The Record Date is August 15, 2024.
03/07 11:51 EST - globenewswire.com
UPDATE: MarketWise - Annual Report and Shareholder Letter
BALTIMORE, March 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today the Company announced that its annual report on Form 10-K for the year ended December 31, 2023 and the CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The annual report on Form 10-K and the CEO Letter to Shareholders will be available on the Company's website www.investors.marketwise.com.
UPDATE: MarketWise - Annual Report and Shareholder Letter
BALTIMORE, March 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today the Company announced that its annual report on Form 10-K for the year ended December 31, 2023 and the CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The annual report on Form 10-K and the CEO Letter to Shareholders will be available on the Company's website www.investors.marketwise.com.
03/07 07:45 EST - globenewswire.com
MarketWise - Annual Report and Shareholder Letter
BALTIMORE, March 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today the Company announced that its annual report on Form 10-K for the year ended December 31, 2023 and the CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The annual report on Form 10-K and the CEO Letter to Shareholders will be available on the Company's website https://investors.marketwise.com/investors .
MarketWise - Annual Report and Shareholder Letter
BALTIMORE, March 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today the Company announced that its annual report on Form 10-K for the year ended December 31, 2023 and the CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The annual report on Form 10-K and the CEO Letter to Shareholders will be available on the Company's website https://investors.marketwise.com/investors .
02/13 10:06 EST - marketwatch.com
MarketWise to cut 104 jobs as ‘misconduct' prompts wind down of Legacy Research
Shares of MarketWise Inc. were set for a selloff Tuesday, after the financial-research and analytics company said it decided to wind down its Legacy Research business after misconduct by certain managers was discovered.
MarketWise to cut 104 jobs as ‘misconduct' prompts wind down of Legacy Research
Shares of MarketWise Inc. were set for a selloff Tuesday, after the financial-research and analytics company said it decided to wind down its Legacy Research business after misconduct by certain managers was discovered.
10/27 16:15 EST - globenewswire.com
MarketWise to Release Third Quarter 2023 Financial Results
BALTIMORE, Oct. 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its third quarter 2023 financial results will be released before the market opens on Thursday, November 9, 2023.
MarketWise to Release Third Quarter 2023 Financial Results
BALTIMORE, Oct. 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its third quarter 2023 financial results will be released before the market opens on Thursday, November 9, 2023.
10/18 20:40 EST - globenewswire.com
MarketWise Announces Leadership Changes to Strengthen Operations and Business Performance; Declares Regular Dividend of Approximately $2.9 Million or $0.01 Per Share; Declares Special Dividend of Approximately $50.0 Million or $0.15 Per Share
BALTIMORE, Oct. 18, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced a series of leadership changes to strengthen the Company's operations and business performance.
MarketWise Announces Leadership Changes to Strengthen Operations and Business Performance; Declares Regular Dividend of Approximately $2.9 Million or $0.01 Per Share; Declares Special Dividend of Approximately $50.0 Million or $0.15 Per Share
BALTIMORE, Oct. 18, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced a series of leadership changes to strengthen the Company's operations and business performance.
09/08 16:30 EST - globenewswire.com
F. Porter Stansberry Joins MarketWise Board of Directors
BALTIMORE, Sept. 08, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced it entered into an agreement (the “Agreement”) with F. Porter Stansberry.
F. Porter Stansberry Joins MarketWise Board of Directors
BALTIMORE, Sept. 08, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced it entered into an agreement (the “Agreement”) with F. Porter Stansberry.
08/24 16:10 EST - globenewswire.com
MarketWise Repudiates False Claims in Porter Stansberry's August 11, 2023 Letter
BALTIMORE, Aug. 24, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today issued the following statement in response to F. Porter Stansberry's letter to the MarketWise Board of Directors (the “Board”), dated August 11, 2023 (the “August Letter”):
MarketWise Repudiates False Claims in Porter Stansberry's August 11, 2023 Letter
BALTIMORE, Aug. 24, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today issued the following statement in response to F. Porter Stansberry's letter to the MarketWise Board of Directors (the “Board”), dated August 11, 2023 (the “August Letter”):
08/10 14:10 EST - seekingalpha.com
MarketWise, Inc. (MKTW) Q2 2023 Earnings Call Transcript
MarketWise, Inc. (NASDAQ:MKTW ) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Jonathan Shanfield - Vice President, Investor Relations Amber Mason - Chief Executive Officer Stephen Park - Interim Chief Financial Officer Lee Harris - Senior Vice President, Financial Planning & Analysis Conference Call Participants Kyle Peterson - Needham Michael Falco - JMP Securities Alex Kramm - UBS Operator Thank you for standing by, and welcome to the MarketWise Second Quarter 2023 Earnings Call. During today's presentation, all parties on the webcast will be in a listen-only mode.
MarketWise, Inc. (MKTW) Q2 2023 Earnings Call Transcript
MarketWise, Inc. (NASDAQ:MKTW ) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Jonathan Shanfield - Vice President, Investor Relations Amber Mason - Chief Executive Officer Stephen Park - Interim Chief Financial Officer Lee Harris - Senior Vice President, Financial Planning & Analysis Conference Call Participants Kyle Peterson - Needham Michael Falco - JMP Securities Alex Kramm - UBS Operator Thank you for standing by, and welcome to the MarketWise Second Quarter 2023 Earnings Call. During today's presentation, all parties on the webcast will be in a listen-only mode.
08/10 07:30 EST - globenewswire.com
MarketWise Reports Financial Results for Second Quarter 2023
~ Total Subscribers of 16.7 Million, Including 750 Thousand Paid Subscribers ~ ~ Revenues of $103.6 Million ~ ~ Billings of $96.2 Million ~ ~ Net Income of $9.7 Million ~ ~ CFFO and Adjusted CFFO of $29.0 Million ~ BALTIMORE, Aug. 10, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today reported financial results for second quarter 2023. Second Quarter 2023 Key Performance Highlights YTD YTD YTD (Unaudited) 2Q 2023 2Q 2022 % Change 2Q 2023 2Q 2022 % Change Total Subscribers (in thousands) 16,699 15,871 5.2 % Paid Subscribers (in thousands) 750 898 (16.5 )% Total net revenue (in millions) $ 103.6 $ 128.0 (19.1 )% $ 229.9 $ 264.8 (13.2 )% Billings (in millions) $ 96.2 $ 117.5 (18.1 )% $ 193.3 $ 253.5 (23.7 )% ARPU $ 490 $ 580 (15.5 )% Net income (in millions) $ 9.7 $ 34.0 (71.5 )% $ 40.3 $ 57.1 (29.4 )% CFFO (in millions) $ 29.0 $ 26.8 8.2 % $ 32.8 $ 27.9 17.6 % Adjusted CFFO (in millions) $ 29.0 $ 26.8 8.2 % $ 32.8 $ 27.9 17.6 % Second Quarter 2023 Highlights (1) Total net revenue was $103.6 million in second quarter 2023 compared to $128.0 million in second quarter 2022 Total Billings was $96.2 million in second quarter 2023 compared to $117.5 million in second quarter 2022 Net income was $9.7 million in second quarter 2023 compared to $34.0 million in second quarter 2022 Cash flow from operations (“CFFO”) was $29.0 million in second quarter 2023 compared to $26.8 million in second quarter 2022 Adjusted CFFO, a non-GAAP measure, was $29.0 million in second quarter 2023 compared to $26.8 million in second quarter 2022 CFFO margin was 28.0% in second quarter 2023 compared to 20.9% in second quarter 2022 Adjusted CFFO margin, a non-GAAP measure, was 30.1% in second quarter 2023 compared to 22.8% in second quarter 2022 Deferred revenue was $628.4 million as of June 30, 2023 compared to $701.1 million as of June 30, 2022 Paid Subscribers were 750 thousand as of June 30, 2023 compared to 898 thousand as of June 30, 2022 Free Subscribers were 15.9 million as of June 30, 2023 compared to 15.0 million as of June 30, 2022.
MarketWise Reports Financial Results for Second Quarter 2023
~ Total Subscribers of 16.7 Million, Including 750 Thousand Paid Subscribers ~ ~ Revenues of $103.6 Million ~ ~ Billings of $96.2 Million ~ ~ Net Income of $9.7 Million ~ ~ CFFO and Adjusted CFFO of $29.0 Million ~ BALTIMORE, Aug. 10, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today reported financial results for second quarter 2023. Second Quarter 2023 Key Performance Highlights YTD YTD YTD (Unaudited) 2Q 2023 2Q 2022 % Change 2Q 2023 2Q 2022 % Change Total Subscribers (in thousands) 16,699 15,871 5.2 % Paid Subscribers (in thousands) 750 898 (16.5 )% Total net revenue (in millions) $ 103.6 $ 128.0 (19.1 )% $ 229.9 $ 264.8 (13.2 )% Billings (in millions) $ 96.2 $ 117.5 (18.1 )% $ 193.3 $ 253.5 (23.7 )% ARPU $ 490 $ 580 (15.5 )% Net income (in millions) $ 9.7 $ 34.0 (71.5 )% $ 40.3 $ 57.1 (29.4 )% CFFO (in millions) $ 29.0 $ 26.8 8.2 % $ 32.8 $ 27.9 17.6 % Adjusted CFFO (in millions) $ 29.0 $ 26.8 8.2 % $ 32.8 $ 27.9 17.6 % Second Quarter 2023 Highlights (1) Total net revenue was $103.6 million in second quarter 2023 compared to $128.0 million in second quarter 2022 Total Billings was $96.2 million in second quarter 2023 compared to $117.5 million in second quarter 2022 Net income was $9.7 million in second quarter 2023 compared to $34.0 million in second quarter 2022 Cash flow from operations (“CFFO”) was $29.0 million in second quarter 2023 compared to $26.8 million in second quarter 2022 Adjusted CFFO, a non-GAAP measure, was $29.0 million in second quarter 2023 compared to $26.8 million in second quarter 2022 CFFO margin was 28.0% in second quarter 2023 compared to 20.9% in second quarter 2022 Adjusted CFFO margin, a non-GAAP measure, was 30.1% in second quarter 2023 compared to 22.8% in second quarter 2022 Deferred revenue was $628.4 million as of June 30, 2023 compared to $701.1 million as of June 30, 2022 Paid Subscribers were 750 thousand as of June 30, 2023 compared to 898 thousand as of June 30, 2022 Free Subscribers were 15.9 million as of June 30, 2023 compared to 15.0 million as of June 30, 2022.
07/27 16:10 EST - globenewswire.com
MarketWise to Release Second Quarter 2023 Financial Results
BALTIMORE, July 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its second quarter 2023 financial results will be released before the market opens on Thursday, August 10, 2023. The Company will host a live video webcast at 11:00 a.m. Eastern Time on that same day to discuss the financial results.
MarketWise to Release Second Quarter 2023 Financial Results
BALTIMORE, July 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its second quarter 2023 financial results will be released before the market opens on Thursday, August 10, 2023. The Company will host a live video webcast at 11:00 a.m. Eastern Time on that same day to discuss the financial results.
07/06 17:15 EST - globenewswire.com
MarketWise Announces Appointment of Erik Mickels as Chief Financial Officer
BALTIMORE, July 06, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that Erik Mickels has been appointed Chief Financial Officer of the Company, effective August 15, 2023.
MarketWise Announces Appointment of Erik Mickels as Chief Financial Officer
BALTIMORE, July 06, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that Erik Mickels has been appointed Chief Financial Officer of the Company, effective August 15, 2023.
06/30 09:37 EST - seekingalpha.com
MarketWise: Improving Profitability And Easing Headwinds (Rating Upgrade)
MarketWise is now down nearly 80% since going public, which presents a compelling buying opportunity. The company demonstrated surprisingly strong profitability in the latest earnings, as operating leverage continues to improve. The headwinds should continue to ease as the market sentiment has been improving in the past few months.
MarketWise: Improving Profitability And Easing Headwinds (Rating Upgrade)
MarketWise is now down nearly 80% since going public, which presents a compelling buying opportunity. The company demonstrated surprisingly strong profitability in the latest earnings, as operating leverage continues to improve. The headwinds should continue to ease as the market sentiment has been improving in the past few months.
04/27 16:10 EST - globenewswire.com
MarketWise Announces First Quarter 2023 Financial Results Release Date and Conference Call
BALTIMORE, April 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its first quarter 2023 financial results will be released before the market opens on Thursday, May 11, 2023. The Company will host a conference call at 11:00 a.m. Eastern Time on that same day to discuss the financial results.
MarketWise Announces First Quarter 2023 Financial Results Release Date and Conference Call
BALTIMORE, April 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its first quarter 2023 financial results will be released before the market opens on Thursday, May 11, 2023. The Company will host a conference call at 11:00 a.m. Eastern Time on that same day to discuss the financial results.