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JMP Securities Reaffirms Their Buy Rating on MarketWise (MKTW)

In a report released today, Devin Ryan from JMP Securities reiterated a Buy rating on MarketWise (MKTWResearch Report), with a price target of $8.50. The company’s shares opened today at $1.88.

According to TipRanks, Ryan is a 5-star analyst with an average return of 12.4% and a 58.24% success rate. Ryan covers the Financial sector, focusing on stocks such as LPL Financial, Stifel Financial, and Perella Weinberg Partners.

MarketWise has an analyst consensus of Moderate Buy, with a price target consensus of $5.83.

See Insiders’ Hot Stocks on TipRanks >>

MKTW market cap is currently $620.7M and has a P/E ratio of 3.01.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MKTW in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ascendant Digital Acquisition Corp is a blank check company.

Read More on MKTW:

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