MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• MarketAxess Holdings Inc. has received a consensus rating of "Hold" from analysts, with recommendations varying from one sell to four buy ratings and an average twelve-month target price of $240.67.
• The company's stock is currently trading at $207.75, with a market capitalization of $7.79 billion and a price-to-earnings ratio of 36.13.
• MarketAxess reported earnings of $1.87 per share for the last quarter, beating analyst estimates, but posted a revenue decline of 0.8% compared to the previous year.

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) have earned an average recommendation of "Hold" from the ten research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $240.6667.

Several equities research analysts have weighed in on MKTX shares. Piper Sandler reissued a "neutral" rating and set a $204.00 price objective (up from $202.00) on shares of MarketAxess in a research note on Tuesday, July 15th. Citigroup upped their target price on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. UBS Group restated a "buy" rating and set a $295.00 price target on shares of MarketAxess in a research note on Tuesday, July 8th. Wall Street Zen cut MarketAxess from a "hold" rating to a "sell" rating in a research report on Sunday, July 20th. Finally, Barclays reduced their price target on MarketAxess from $240.00 to $237.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th.

Institutional Trading of MarketAxess

A number of large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of MarketAxess by 200.0% during the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 80 shares during the period. Huntington National Bank raised its stake in shares of MarketAxess by 185.7% during the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after purchasing an additional 104 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of MarketAxess by 49.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock valued at $35,000 after buying an additional 54 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of MarketAxess during the 2nd quarter worth $37,000. Finally, UMB Bank n.a. increased its position in MarketAxess by 57.4% during the first quarter. UMB Bank n.a. now owns 222 shares of the financial services provider's stock worth $48,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Stock Performance

Shares of NASDAQ MKTX traded down $17.65 during midday trading on Friday, hitting $190.16. 937,748 shares of the stock traded hands, compared to its average volume of 576,823. The firm has a market capitalization of $7.13 billion, a P/E ratio of 33.16, a PEG ratio of 2.76 and a beta of 0.84. The firm has a 50-day moving average of $217.32 and a two-hundred day moving average of $214.24. MarketAxess has a one year low of $186.84 and a one year high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.09. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. During the same quarter in the previous year, the firm earned $1.72 EPS. The company's revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that MarketAxess will post 7.79 earnings per share for the current fiscal year.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.