MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives Average Recommendation of “Hold” from Analysts

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have been given an average recommendation of “Hold” by the thirteen research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $201.6364.

Several equities analysts have recently commented on MKTX shares. Piper Sandler reduced their target price on MarketAxess from $180.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Keefe, Bruyette & Woods upped their price target on shares of MarketAxess from $194.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, November 10th. Loop Capital set a $164.00 price objective on shares of MarketAxess in a research note on Tuesday, October 14th. UBS Group decreased their price objective on shares of MarketAxess from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 9th. Finally, Barclays cut their target price on shares of MarketAxess from $188.00 to $182.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new position in shares of MarketAxess in the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its stake in MarketAxess by 200.0% during the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares during the last quarter. True Wealth Design LLC boosted its holdings in MarketAxess by 992.9% in the second quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 139 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in MarketAxess in the third quarter worth $38,000. Finally, Stance Capital LLC bought a new stake in MarketAxess during the third quarter valued at $42,000. Institutional investors own 99.01% of the company’s stock.

MarketAxess Price Performance

Shares of MarketAxess stock opened at $171.52 on Friday. MarketAxess has a 1-year low of $156.17 and a 1-year high of $232.84. The company has a market capitalization of $6.38 billion, a PE ratio of 29.17, a P/E/G ratio of 4.34 and a beta of 0.97. The business has a 50-day moving average of $173.28 and a 200-day moving average of $180.68.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Friday, November 7th. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.69 by $0.15. MarketAxess had a return on equity of 20.20% and a net margin of 26.16%.The business had revenue of $208.82 million for the quarter, compared to analysts’ expectations of $212.59 million. During the same quarter in the previous year, the firm posted $1.90 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts expect that MarketAxess will post 7.79 earnings per share for the current fiscal year.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.