- MarketWise has plummeted almost 80% since its SPAC merger with Ascendant Digital Acquisition Corp. last July.
- The company has a strong portfolio of different digital financial products with a compelling SaaS business model that gives it strong margins and cash flows.
- However, the latest Q1 quarterly report is disappointing with customer retention and monetization being a huge problem.
- I rate the company a hold as the current valuation is fair while the company tries to navigate through its current headwinds.
For further details see:
MarketWise: Customer Monetization Is An Issue