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Marketaxess Holdings (MKTX)
NASDAQ:MKTX
Marketaxess Holdings (MKTX) Stock Price & Analysis
591 Followers
MKTX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$198.01 - $297.00
Previous Close$214.71
Volume279.16K
Average Volume (3M)401.42K
Market Cap
$8.14B
Enterprise Value$7.61B
Total Cash (Recent Filing)$605.94M
Total Debt (Recent Filing)$79.17M
Price to Earnings (P/E)31.5
Beta1.10
Next Earnings
Jul 17, 2024EPS Estimate
$1.73Next Dividend Ex-Date
May 21, 2024Dividend Yield1.35%
Share Statistics
EPS (TTM)6.82
Shares Outstanding37,896,895
10 Day Avg. Volume449,077
30 Day Avg. Volume401,417
Standard Deviation0.12
R-Squared0.19
Alpha-0.00807
Financial Highlights & Ratios
Price to Book (P/B)8.68
Price to Sales (P/S)11.33
Price to Cash Flow (P/CF)14.40
P/FCF Ratio14.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.69
Enterprise Value/Gross Profit10.59
Enterprise Value/Ebitda30.03
Forecast
1Y Price Target
$234.45Price Target Upside9.19% Upside
Rating ConsensusHold
Number of Analyst Covering11
Marketaxess Holdings News
PremiumPre-Earnings
Is MKTX a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Financial Performance1Q23 expenses were lower than expected, showing signs of disciplined expense management.
Market ExpansionClient numbers continue to expand, specifically within hedge funds and private-bank clients.
Technology AdoptionA record number of client firms utilized MKTX’s new technologies, indicating strong adoption and potential for future revenue growth.
Bears Say
Competitive LandscapeThe space is becoming more competitive, potentially impacting MKTX's market position.
Financial PerformanceAnalyst expects challenging trading trends and top-line growth pressure to result in negative EPS revisions.
Innovation And Growth ChallengesMarketAxess faces difficulties in driving innovation which is crucial for growth in US credit trading.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
MKTX FAQ
What was Marketaxess Holdings’s price range in the past 12 months?
Marketaxess Holdings lowest stock price was $198.01 and its highest was $297.00 in the past 12 months.
What is Marketaxess Holdings’s market cap?
Currently, no data Available
When is Marketaxess Holdings’s upcoming earnings report date?
Marketaxess Holdings’s upcoming earnings report date is Jul 17, 2024 which is in 59 days.
How were Marketaxess Holdings’s earnings last quarter?
Marketaxess Holdings released its earnings results on May 07, 2024. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.873 by $0.047.
Is Marketaxess Holdings overvalued?
According to Wall Street analysts Marketaxess Holdings’s price is currently Undervalued.
Does Marketaxess Holdings pay dividends?
Marketaxess Holdings pays a Quarterly dividend of $0.74 which represents an annual dividend yield of 1.35%. See more information on Marketaxess Holdings dividends here
What is Marketaxess Holdings’s EPS estimate?
Marketaxess Holdings’s EPS estimate is $1.73.
How many shares outstanding does Marketaxess Holdings have?
Marketaxess Holdings has 37,896,896 shares outstanding.
What happened to Marketaxess Holdings’s price movement after its last earnings report?
Marketaxess Holdings reported an EPS of $1.92 in its last earnings report, beating expectations of $1.873. Following the earnings report the stock price went down -2.386%.
Which hedge fund is a major shareholder of Marketaxess Holdings?
Among the largest hedge funds holding Marketaxess Holdings’s share is Guardcap Asset Management Ltd. It holds Marketaxess Holdings’s shares valued at 532M.
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Marketaxess Holdings Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$234.45 (9.19% Upside)
$234.45 (9.19% Upside)
Blogger Sentiment
Bullish
MKTX Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 466.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.2%
Last 30 Days ▼ 2.8%
Last 30 Days ▼ 2.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-25.18%
12-Months-Change
Fundamentals
Return on Equity
21.07%
Trailing 12-Months
Asset Growth
18.33%
Trailing 12-Months
Company Description
Marketaxess Holdings
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. The firm's patented trading technology allows institutional investor clients to request competitive, executable bids, or offers from multiple broker dealers simultaneously and to execute trades with the broker dealer of their choice. The company was founded by Richard M. Mcvey on April 11, 2000 and is headquartered in New York, NY.
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MKTX Company Deck
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MKTX Earnings Call
Q1 2024
0:00 / 0:00
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MKTX Revenue Breakdown
88.10% Commissions
6.16% Information services
5.34% Post-trade services
0.40% Other
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MKTX Stock 12 Month Forecast
Average Price Target
$234.45
▲(9.19% Upside)
Technical Analysis
Best Analysts Covering MKTX
1 Year
1 Year Success Rate
9/11 ratings generated profit
1 Year Average Return
+11.48%
reiterated a sell rating 12 days ago
Copying Andrew Bond's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +11.48% per trade.
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