MarketAxess (MKTX) Set to Announce Quarterly Earnings on Wednesday

MarketAxess (NASDAQ:MKTX – Get Rating) is scheduled to announce its earnings results before the market opens on Wednesday, January 25th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

MarketAxess Stock Down 1.4 %

Shares of MarketAxess stock traded down $4.52 during trading on Tuesday, hitting $329.52. 433,391 shares of the stock traded hands, compared to its average volume of 331,212. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 51.17 and a beta of 0.64. The firm’s fifty day moving average is $286.62 and its 200-day moving average is $263.68. MarketAxess has a 52 week low of $217.44 and a 52 week high of $390.13.

Analysts Set New Price Targets

Several equities analysts have recently commented on MKTX shares. Rosenblatt Securities increased their price objective on MarketAxess from $213.00 to $214.00 and gave the company a “sell” rating in a research report on Thursday, October 20th. Morgan Stanley raised their price target on MarketAxess from $274.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 11th. StockNews.com started coverage on MarketAxess in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Piper Sandler reduced their price target on MarketAxess from $285.00 to $270.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on MarketAxess from $265.00 to $340.00 in a research report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, MarketAxess has an average rating of “Hold” and an average price target of $298.20.

Institutional Investors Weigh In On MarketAxess

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Trust N.A. lifted its holdings in MarketAxess by 15.7% in the 1st quarter. Raymond James Trust N.A. now owns 648 shares of the financial services provider’s stock worth $220,000 after buying an additional 88 shares during the period. First Trust Advisors LP purchased a new stake in MarketAxess in the 3rd quarter worth approximately $228,000. Bridgefront Capital LLC purchased a new stake in MarketAxess in the 1st quarter worth approximately $236,000. Mirabella Financial Services LLP purchased a new stake in MarketAxess in the 1st quarter worth approximately $272,000. Finally, Prudential PLC purchased a new stake in MarketAxess in the 1st quarter worth approximately $274,000. Hedge funds and other institutional investors own 96.78% of the company’s stock.

About MarketAxess

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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.