Recent Insider Transactions • Jul 04
COO, CFO & Principal Accounting Officer recently sold US$76k worth of stock On the 1st of July, Erik Mickels sold around 4k shares on-market at roughly US$19.14 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Erik has been a net seller over the last 12 months, reducing personal holdings by US$453k. Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Founder & Director Frank Stansberry was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 07
MarketWise, Inc. announces special dividend, payable on June 25, 2026 MarketWise, Inc. announced special dividend of USD 0.4500 per share payable on June 25, 2026, ex-date on May 15, 2026 and record date on May 15, 2026. Announcement • Apr 21
MarketWise, Inc., Annual General Meeting, Jun 04, 2026 MarketWise, Inc., Annual General Meeting, Jun 04, 2026. Announcement • Apr 14
MarketWise, Inc. to Report Q1, 2026 Results on May 07, 2026 MarketWise, Inc. announced that they will report Q1, 2026 results on May 07, 2026 Announcement • Feb 19
The Agora Companies cancelled the acquisition of remaining 57% stake in MarketWise, Inc. (NasdaqGM:MKTW). The Agora Companies proposed to acquire remaining 57% stake in MarketWise, Inc. (NasdaqGM:MKTW) for approximately $280 million on October 28, 2025. A cash consideration valued at $17.25 per share will be paid by The Agora Companies. The acquisition includes Marketwise, LLC. The proposal of $17.25 per share representing a premium of approximately 21% to the 1-year volume-weighted average price per share and a premium of 18% to October 28’s closing price. M&C will finance the transaction with equity capital, which would be provided by M&C and its affiliates from cash on hand. M&C beneficial ownership and proxy voting rights representing approximately 43% of total voting power. MarketWise, Inc. has appointed special committee of independent and disinterested directors in consultation with its advisors to review the proposal.
Kirkland & Ellis LLP acted as legal advisor and Centerview Partners LLC acted as financial advisor for the special committee of Marketwise, Inc.
The Agora Companies cancelled the acquisition of remaining 57% stake in MarketWise, Inc. (NasdaqGM:MKTW) on February 18, 2026. Agora withdrew its Proposal after feedback from the Special Committee of the MarketWise’s Board of Directors that its offer price per share undervalued the Company’s stock. Announcement • Oct 30
The Agora Companies proposed to acquire remaining 57% stake in MarketWise, Inc. (NasdaqGM:MKTW) for approximately $280 million. The Agora Companies proposed to acquire remaining 57% stake in MarketWise, Inc. (NasdaqGM:MKTW) for approximately $280 million on October 28, 2025. A cash consideration valued at $17.25 per share will be paid by The Agora Companies. The acquisition includes Marketwise, LLC. The proposal of $17.25 per share representing a premium of approximately 21% to the 1-year volume-weighted average price per share and a premium of 18% to October 28’s closing price. M&C will finance the transaction with equity capital, which would be provided by M&C and its affiliates from cash on hand. M&C beneficial ownership and proxy voting rights representing approximately 43% of total voting power. MarketWise, Inc. has appointed special committee of independent and disinterested directors in consultation with its advisors to review the proposal. Announcement • Aug 07
MarketWise, Inc. Appoints Erik Mickels as Chief Operating, Effective August 6, 2025 MarketWise, Inc. announced the appointment of Erik Mickels as Chief Operating, effective immediately. In this newly combined leadership role, Mickels will drive the company’s operational excellence, financial strategy, and enterprise transformation as MarketWise advances its mission to deliver world-class financial insights to self-directed investors. Mickels brings more than 25 years of experience serving a broad range of organizations from startups to Fortune 500 market leaders and has played a pivotal role in the strategic transformation of businesses, including supporting cooperation across segments. He’s guided acquisitions and led successful initiatives, including the sale of a billion-dollar international subsidiary. His leadership has delivered improvement in performance, cost discipline, and value for past shareholders. A graduate of Hillsdale College and the Advanced Management Program at Harvard Business School, Mickels has proven himself to be a collaborative and innovative executive. Announcement • May 28
MarketWise Announces Appointment of David "Doc" Eifrig as Chief Executive Officer, Effective May 27, 2025 MarketWise, Inc. announced that Dr. David "Doc" Eifrig has been appointed Chief Executive Officer of the Company on a permanent basis, effective immediately. Dr. Eifrig has served as interim Chief Executive Officer since August 2024. Dr. Eifrig received his Bachelor of Arts from Carleton College in Minnesota. He later received a Master of Business Administration degree from Northwestern University's Kellogg School of Management, graduating with a double major in finance and international business. He went on to work for Goldman Sachs in its first derivatives group in New York and London. Dr. Eifrig subsequently earned his M.D. from the University of North Carolina at Chapel Hill and completed a Molecular Biology Fellowship at Duke University. He finished a residency in ophthalmology before joining the company full time in 2008. Dr. Eifrig first consulted with the Company in 2004 before joining full-time several years later. He launched his health and wealth advisory Retirement Millionaire in early 2009; with tens of thousands of subscribers getting access to real world insights on personal health and wealth creation over the past three decades. His option trading advisory called Retirement Trader, which began in 2010, helped put option selling on the map and arguably has one of the best track records of all time. His conservative but dearly loved letter Income Intelligence shows folks of any age how to invest for income and not speculation. Dr. Eifrig has also served as a member of the MarketWise Board since May 2023. Announcement • May 01
MarketWise, Inc., Annual General Meeting, Jun 12, 2025 MarketWise, Inc., Annual General Meeting, Jun 12, 2025. Announcement • Apr 11
MarketWise, Inc. to Report Q1, 2025 Results on May 15, 2025 MarketWise, Inc. announced that they will report Q1, 2025 results on May 15, 2025 Announcement • Apr 01
MarketWise Announces Reverse Stock Split to Regain Compliance with Nasdaq Minimum Bid Price Requirement MarketWise, Inc. announced that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.0001 per share, effective at 5:00 p.m. Eastern Time on April 2, 2025. The Company’s Class A common stock will begin trading on a reverse-split-adjusted basis when the markets open on April 3, 2025. The Company’s Class A common stock will continue to trade on the Nasdaq Global Market under the symbol "MKTW." David “Doc” Eifrig, Interim Chief Executive Officer, commented, “I am pleased that our stockholders overwhelmingly approved our proposal to effect a reverse stock split, which will bring our per share price into a range that is more commensurate with our current market capitalization. We believe the higher price per share will be more attractive to certain institutional investors, will enable us to meet the Nasdaq continued listing requirements, and will improve the overall market perception of our business. When coupled with our top line growth and improving margins, we believe a reverse stock split positions us well to continue to execute our strategic plan.” The reverse stock split is intended to bring the Company into compliance with the minimum bid price requirement for maintaining the listing of its common stock on the Nasdaq Global Market, and to make the bid price more attractive to a broader group of institutional and retail investors. The Nasdaq Global Market requires, among other things, that a listed company’s common stock maintain a minimum bid price of at least $1.00 per share. Announcement • Mar 04
Marketwise, Inc. Declares Quarterly Cash Dividend, Payable on March 31, 2025 MarketWise, Inc. announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share on February 27, 2025, as referenced in the press release dated February 28, 2025. 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 March 31, 2025. The Record Date is March 18, 2025. Announcement • Mar 03
MarketWise, Inc. (NasdaqGM:MKTW) announces an Equity Buyback for $50 million worth of its shares. MarketWise, Inc. (NasdaqGM:MKTW) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its class A common stock. The program is valid for 12 months. Announcement • Jan 15
Marketwise Inc. Announces Special Dividend to Shareholders of Class A Common Stock, Payable on February 26, 2025 MarketWise, Inc. announced a special dividend to shareholders of Class A common stock of $0.03 per share. The dividend which totals approximately $1.3 million in the aggregate, will be paid on February 26, 2025, to shareholders of record as of January 29, 2025. Announcement • Nov 08
MarketWise, Inc. Declares Quarterly Cash Dividend, Payable on December 26, 2024 MarketWise, Inc. announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share on November 1, 2024. The dividend and distribution will be paid on December 26, 2024. The Record Date is November 25, 2024. Announcement • Oct 25
MarketWise, Inc. to Report Q3, 2024 Results on Nov 07, 2024 MarketWise, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Announcement • Oct 01
MarketWise Receives Non-Compliance Notice from Nasdaq Regarding Minimum Bid Price Requirement On September 24, 2024, MarketWise, Inc. (the ‘Company’) received written notice from The Nasdaq Stock Market (‘Nasdaq’) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price of the Company’s common stock was below the required minimum of $1.00 per share for the previous 30 consecutive business days. Nasdaq’s notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Global Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until March 24, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days prior to March 24, 2025. If the Company does not regain compliance by March 24, 2025, the Company may be eligible for an additional 180-day compliance period if it applies to transfer the listing of its common stock to the Nasdaq Capital Market. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split if necessary. If the Company does not regain compliance within the allotted compliance period(s), Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal Nasdaq’s delisting determination. The Company intends to monitor the closing bid price of its common stock and consider its available options to regain compliance with the minimum bid price requirement. No determination regarding the Company’s response has been made at this time. Announcement • Aug 02
MarketWise, Inc. Declares Quarterly Dividend, Payable on September 25, 2024 MarketWise, Inc. 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. Announcement • May 06
MarketWise, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on June 25, 2024 MarketWise, Inc. announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share. 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 June 25, 2024. The Record Date is May 15, 2024. Announcement • Apr 28
MarketWise, Inc., Annual General Meeting, Jun 06, 2024 MarketWise, Inc., Annual General Meeting, Jun 06, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect four class iii directors to serve until the 2027 annual meeting of stockholders and until their respective successors shall have been duly elected and qualified; to ratify the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the annual meeting or any continuation, postponement or adjournment of the annual meeting. Announcement • Mar 06
MarketWise, Inc. Declares Quarterly Cash Dividend on Class A Common Stock, Payable on April 25, 2024 MarketWise, Inc. announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share. The dividend will be paid on April 25, 2024. The Record date is March 15, 2024. Announcement • Nov 17
MarketWise, Inc. Appoints Charles N. Curlett, Jr. as Chief Operating Officer MarketWise, Inc. has appointed Charles N. Curlett, Jr. to serve as Chief Operating Officer of the Company, effective as of November 10, 2023. Prior to his appointment, Mr. Curlett, age 52, served as Founder and Managing Member of Curlett LLC since April 2022, where he served as outside General Counsel to Porter & Company, LLC, an investment research and publishing company founded in 2022 by F. Porter Stansberry, the Company's Chief Executive Officer and Chairman. Previously, Mr. Curlett served as a Partner and Vice Chair of the Criminal Defense and Investigations Practice Group at Rosenberg Martin Greenberg, LLP from January 2019 until April 2022, and as Managing Partner of Levin & Curlett LLC from October 2011 until December 2018. Mr. Curlett holds a J.D. from Brooklyn Law School, an LL.M. from Leiden University in the Netherlands, and a B.A. in English from Johns Hopkins University. Announcement • Nov 03
MarketWise, Inc. Appoints Van Simmons and Matthew Turner to Serve as Members of the Audit Committee MarketWise, Inc. announced on October 27, 2023, the Board appointed Van Simmons and Matthew Turner, each current members of the Board, to serve as members of the Audit Committee. Announcement • Oct 28
MarketWise, Inc. to Report Q3, 2023 Results on Nov 09, 2023 MarketWise, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023 Announcement • Oct 25
MarketWise Notifies the Nasdaq Regarding No Longer Complies with Nasdaq’s Audit Committee Composition Requirements as Set Forth in Listing Rule 5605 On October 19, 2023, MarketWise, Inc. notified the Nasdaq Listing Qualifications Department (“Nasdaq”) that, due to the resignation of Mark Gerhard and Riaan Hodgson, the Company no longer complies with Nasdaq’s audit committee composition requirements as set forth in Listing Rule 5605. The Company informed Nasdaq that it intends to regain compliance with Listing Rule 5605 within the 180-day cure period provided under Listing Rule 5605(c)(4). To that end, the Board of Directors (the “Board”) of the Company is currently seeking to identify director candidates with requisite skills and experience to serve as members of the Audit Committee of the Board. The Company’s notification has no immediate effect on the listing of the Company’s common stock on The Nasdaq Global Select Market. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$1.71, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Capital Markets industry in the US. Total loss to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$1.81, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Capital Markets industry in the US. Total loss to shareholders of 81% over the past three years. New Risk • Sep 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$257m). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Significant insider selling over the past 3 months (US$900k sold). Announcement • Sep 10
F. Porter Stansberry Joins MarketWise Board of Directors MarketWise, Inc. announced it entered into an agreement (the "Agreement") with F. Porter Stansberry. Frank Porter Stansberry, age 50, is the founder of MarketWise. Mr. Stansberry previously served as Chairman of the Board until December 2020 and rejoined the Board in September 2023. In April 2022, he founded Porter & Company, an investment advisory boutique. In addition to his 25+ year career as a financial analyst and publisher, Porter is also the founder of OneBlade, Inc., a men's luxury shaving brand. Porter holds a Bachelor of Arts degree in political science and government from the University of Florida. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.01 per share at 2.9% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 26 October 2023. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (2.8%). Announcement • Aug 17
Frank Porter Stansberry Sends a Letter to MarketWise Inc On August 15, 2023, Frank Porter Stansberry announced that he has sent a letter to MarketWise Inc, stated that he has expressed his concerns with the Company’s financial results for the 2nd quarter ended June 30, 2023, and with the board’s refusal to investigate the Company’s IPO and warrant exchange offers. In addition, Frank Porter Stansberry requested the Company to take action and commence a thorough review of actions that led to the current financial condition of the Company, to adopt a plan to return the business to delivering value to its shareholders on a consistent basis, and to review the IPO and warrant exchange offers. Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 72% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$451.1m to US$444.9m. EPS estimate also fell from US$0.17 per share to US$0.047 per share. Net income forecast to grow 1,069% next year vs 20% growth forecast for Capital Markets industry in the US. Consensus price target of US$3.50 unchanged from last update. Share price rose 8.8% to US$1.60 over the past week. New Risk • Aug 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$66k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$257m). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Significant insider selling over the past 3 months (US$66k sold). Reported Earnings • Aug 11
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: US$0.001 (down from US$0.53 in 2Q 2022). Revenue: US$103.6m (down 19% from 2Q 2022). Net income: US$36.0k (down 100% from 2Q 2022). Profit margin: 0% (down from 9.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 98%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Capital Markets industry in the US. New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$265m). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Announcement • Aug 04
Marketwise, Inc. Declares A Quarterly Cash Dividend to Holders of Class A, to Be Paid on October 26, 2023 MarketWise, Inc. announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share. A comparable distribution of $0.01 per share has also been approved to holders of MarketWise, LLC common units. The dividend and distribution will be paid on October 26, 2023, to shareholders and unitholders of record as of September 5, 2023. Announcement • Jul 29
MarketWise, Inc. to Report Q2, 2023 Results on Aug 10, 2023 MarketWise, Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.08, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Capital Markets industry in the US. Total loss to shareholders of 21% over the past year. Announcement • Jul 08
MarketWise, Inc. Announces Chief Financial Officer Changes MarketWise, Inc. announced that Erik Mickels has been appointed Chief Financial Officer of the Company, effective August 15, 2023. Prior to joining MarketWise, Mr. Mickels served since 2016 as the Group Chief Financial Officer and Senior Vice President of Trilogy International Partners, Inc. During his tenure at Trilogy, Mr. Mickels served as Vice President of Finance and Chief Accounting Officer from 2015 to 2016, and as Vice President and Corporate Controller from 2014 to 2015. Prior to joining Trilogy, from 2000 to 2014, Mr. Mickels served in increasingly senior positions at KPMG LLP. Mr. Mickels holds a Bachelors degree in accounting from Hillsdale College, is a graduate of the Advanced Management Program at Harvard Business School, and is a Certified Public Accountant. Effective August 15, 2023, Stephen M. Park, who has acted as the Company’s Interim Chief Financial Officer since March 7, 2023, will no longer serve as the company’s Interim Chief Financial Officer. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$1.99, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Capital Markets industry in the US. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$2.64, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Capital Markets industry in the US. Total loss to shareholders of 4.3% over the past year. Board Change • May 24
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. Independent Director Riaan Hodgson is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 20
MarketWise, Inc., Annual General Meeting, Jun 30, 2023 MarketWise, Inc., Annual General Meeting, Jun 30, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect three class ii directors to serve until the 2026 annual meeting of stockholders and until their respective successors shall have been duly elected and qualified; to ratify the appointment of deloitte & touche llp as our independent registered public accounting firm for the fiscal year ending December 31, 2023; and to transact such other business as may properly come before the annual meeting or any continuation, postponement or adjournment of the annual meeting. Major Estimate Revision • May 18
Consensus EPS estimates increase by 92% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.098 to US$0.188. Revenue forecast steady at US$451.1m. Net income forecast to grow 276% next year vs 22% growth forecast for Capital Markets industry in the US. Consensus price target down from US$3.75 to US$3.50. Share price rose 11% to US$1.84 over the past week. Announcement • May 12
MarketWise, Inc. Announces Initiation of Quarterly Cash Dividend, Payable on July 20, 2023 MarketWise, Inc. announced that its Board of Directors has approved the initiation of a dividend program pursuant to which the Company intends to pay quarterly cash dividends to holders of Class A common stock at an initial amount of $0.01 per share. A comparable distribution of $0.01 per share has also been approved to holders of MarketWise common units. The first dividend and distribution will be paid on July 20, 2023, to shareholders and unitholders of record as of June 1, 2023. Reported Earnings • May 12
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: US$0.05 (down from US$0.24 in 1Q 2022). Revenue: US$126.2m (down 7.7% from 1Q 2022). Net income: US$1.47m (down 75% from 1Q 2022). Profit margin: 1.2% (down from 4.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Capital Markets industry in the US. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$1.84, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Capital Markets industry in the US. Total loss to shareholders of 51% over the past year. Major Estimate Revision • Apr 07
Consensus EPS estimates fall by 73% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$469.4m to US$446.7m. EPS estimate also fell from US$0.194 per share to US$0.052 per share. Net income forecast to shrink 3.0% next year vs 13% growth forecast for Capital Markets industry in the US . Consensus price target down from US$4.38 to US$3.88. Share price fell 14% to US$1.60 over the past week. Reported Earnings • Mar 31
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: US$0.62 (down from US$0.73 in FY 2021). Revenue: US$512.4m (down 6.7% from FY 2021). Net income: US$18.0m (down 1.4% from FY 2021). Profit margin: 3.5% (up from 3.3% in FY 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to stay flat during the next 3 years compared to a 7.1% growth forecast for the Capital Markets industry in the US. Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director Amber Mason was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.19 to US$0.16 per share. Revenue forecast steady at US$500.4m. Net income forecast to shrink 93% next year vs 4.2% growth forecast for Capital Markets industry in the US . Consensus price target down from US$5.20 to US$4.50. Share price rose 5.0% to US$2.30 over the past week. Price Target Changed • Nov 16
Price target decreased to US$4.50 Down from US$6.10, the current price target is an average from 5 analysts. New target price is 82% above last closing price of US$2.47. Stock is down 68% over the past year. The company is forecast to post earnings per share of US$0.19 for next year compared to US$0.73 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Riaan Hodgson is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Nov 12
Independent Director recently bought US$123k worth of stock On the 9th of November, Riaan Hodgson bought around 56k shares on-market at roughly US$2.19 per share. This transaction increased Riaan's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$832k. Insiders have collectively bought US$5.7m more in shares than they have sold in the last 12 months. Major Estimate Revision • Nov 10
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$508.2m to US$499.9m. EPS estimate also fell from US$0.24 per share to US$0.19 per share. Net income forecast to shrink 93% next year vs 3.3% growth forecast for Capital Markets industry in the US . Consensus price target down from US$6.10 to US$5.20. Share price fell 6.4% to US$2.19 over the past week. Price Target Changed • Nov 05
Price target decreased to US$5.60 Down from US$6.10, the current price target is an average from 5 analysts. New target price is 190% above last closing price of US$1.93. Stock is down 76% over the past year. The company is forecast to post earnings per share of US$0.27 for next year compared to US$0.73 last year. Reported Earnings • Nov 04
Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.39 profit in 3Q 2021) Third quarter 2022 results: US$0.17 loss per share (down from US$0.39 profit in 3Q 2021). Revenue: US$119.9m (down 15% from 3Q 2021). Net loss: US$4.01m (down 141% from profit in 3Q 2021). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Capital Markets industry in the US. Announcement • Oct 21
MarketWise, Inc. to Report Q3, 2022 Results on Nov 03, 2022 MarketWise, Inc. announced that they will report Q3, 2022 results Pre-Market on Nov 03, 2022 Announcement • Sep 14
MarketWise, Inc. Announces Resignation of Elizabeth Burton as Class II Director and Member of the Audit Committee of the Board of Directors On September 11, 2022, Elizabeth Burton, a Class II Director and member of the Audit Committee of the Board of Directors (the “Board”) of MarketWise, Inc. (the “Company”), notified the Company of her resignation from the Board because of her new employer’s policies regarding external board membership, effective immediately. Recent Insider Transactions • Sep 07
Insider recently bought US$162k worth of stock On the 6th of September, Frank Stansberry bought around 62k shares on-market at roughly US$2.61 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$1.9m. Insiders have collectively bought US$4.7m more in shares than they have sold in the last 12 months. Announcement • Sep 01
Marketwise, Inc. Announces Executive Changes On August 30, 2022, Dale Lynch, the Chief Financial Officer of MarketWise, Inc., informed the Company of his decision to voluntarily resign from his position to pursue another professional opportunity. Mr. Lynch’s last day will be September 16, 2022, and he will remain in his current position to assist with the transition of his responsibilities until such date. Mr. Lynch’s resignation is not due to any disagreement with the Company, its board of directors, or its management, or any matter relating to the Company’s strategy, operations, policies, or practices. James A. McGinness III, the Company’s current Corporate Controller, will serve as Acting Chief Financial Officer, effective as of September 16, 2022, under his existing compensation arrangements. As consideration for Mr. McGinness’ increased responsibilities as Acting Chief Financial Officer, the Company intends to provide special compensatory grants to Mr. McGinness in amounts and on terms to be determined at a later date. Mr. McGinness, age 44, started working with the Company as a consultant in April 2019 and became Corporate Controller in September 2019. Immediately prior to joining the Company, Mr. McGinness served as corporate controller of GSE Systems, Inc. from August 2016. While at GSE, Mr. McGinness oversaw U.S. Securities and Exchange Commission reporting obligations, financial statement preparation, Sarbanes-Oxley compliance, and tax compliance. Prior to joining GSE, Mr. McGinness served in various public accounting and SEC-reporting roles at several public companies, including Exelon Corporation (NASDAQ), McCormick & Company, Incorporated T. Rowe Price Group, Inc. and WGL Holdings, Inc. Mr. McGinness is a certified public accountant and graduated from the State University of New York at Albany in 2000 with a Bachelor of Science in Accounting. Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 79% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$544.7m to US$507.1m. EPS estimate also fell from US$1.13 per share to US$0.24 per share. Net income forecast to shrink 83% next year vs 3.1% growth forecast for Capital Markets industry in the US . Consensus price target down from US$6.40 to US$6.10. Share price rose 21% to US$3.99 over the past week.