MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Average Rating of “Hold” by Brokerages

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $298.20.

Several brokerages have commented on MKTX. StockNews.com began coverage on MarketAxess in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods increased their price target on MarketAxess from $282.00 to $325.00 and gave the company a “market perform” rating in a report on Thursday, January 12th. Credit Suisse Group increased their price target on MarketAxess from $284.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday, December 7th. Piper Sandler lowered their price target on MarketAxess from $285.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, October 5th. Finally, Citigroup raised their price objective on shares of MarketAxess from $285.00 to $360.00 in a research note on Thursday, January 12th.

Institutional Investors Weigh In On MarketAxess

Institutional investors have recently bought and sold shares of the business. Desjardins Global Asset Management Inc. acquired a new stake in MarketAxess during the second quarter worth $27,000. Kistler Tiffany Companies LLC acquired a new stake in MarketAxess during the third quarter worth $27,000. Parkside Financial Bank & Trust boosted its stake in MarketAxess by 250.0% during the second quarter. Parkside Financial Bank & Trust now owns 140 shares of the financial services provider’s stock worth $36,000 after buying an additional 100 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in MarketAxess by 1,345.5% during the second quarter. First Horizon Advisors Inc. now owns 159 shares of the financial services provider’s stock worth $40,000 after buying an additional 148 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in MarketAxess by 47.0% during the second quarter. Parallel Advisors LLC now owns 194 shares of the financial services provider’s stock worth $50,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

MarketAxess Stock Performance

NASDAQ:MKTX opened at $335.98 on Friday. MarketAxess has a 52 week low of $217.44 and a 52 week high of $390.13. The stock’s 50 day moving average price is $285.27 and its 200 day moving average price is $263.20. The company has a market capitalization of $12.65 billion, a P/E ratio of 52.17 and a beta of 0.64.

MarketAxess (NASDAQ:MKTXGet Rating) last announced its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. MarketAxess had a return on equity of 23.89% and a net margin of 34.47%. The company had revenue of $172.10 million for the quarter, compared to the consensus estimate of $172.41 million. During the same quarter last year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that MarketAxess will post 6.61 earnings per share for the current fiscal year.

MarketAxess Company Profile

(Get Rating)

MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.

Further Reading

Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

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