NASDAQ:MKTXMarketAxess Stock Price, Forecast & News

MarketAxess' stock was trading at $333.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MKTX stock has increased by 50.4% and is now trading at $501.88. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MarketAxess in the last year. There are currently 1 sell rating, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MarketAxess.

MarketAxess is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for MarketAxess.

MarketAxess Holdings Inc. (NASDAQ:MKTX) released its quarterly earnings results on Wednesday, April, 29th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.90 by $0.06. The financial services provider earned $169 million during the quarter, compared to analysts' expectations of $139.03 million. MarketAxess had a net margin of 40.87% and a return on equity of 31.08%. The company's quarterly revenue was up 35.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. View MarketAxess' earnings history.

MarketAxess announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.60 per share on Wednesday, May 27th. This represents a $2.40 annualized dividend and a yield of 0.48%. The ex-dividend date is Tuesday, May 12th. View MarketAxess' dividend history.

10 equities research analysts have issued 1-year price targets for MarketAxess' stock. Their forecasts range from $249.00 to $503.00. On average, they anticipate MarketAxess' stock price to reach $380.00 in the next year. This suggests that the stock has a possible downside of 24.3%. View analysts' price targets for MarketAxess.

Media coverage about MKTX stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MarketAxess earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about MarketAxess.

MarketAxess saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 610,600 shares, an increase of 6.9% from the May 31st total of 571,200 shares. Based on an average trading volume of 339,900 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.7% of the company's shares are short sold. View MarketAxess' Current Options Chain.

Some companies that are related to MarketAxess include CME Group (CME), Moody's (MCO), Intercontinental Exchange (ICE), Msci (MSCI), Nasdaq (NDAQ), Interactive Brokers Group (IBKR), Cboe Global Markets (CBOE), Arrow Financial (AROW), Gain Capital (GCAP), California First National Bancorp (CFNB) and Marlin Business Services (MRLN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other MarketAxess investors own include Netflix (NFLX), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Adobe (ADBE), Vertex Pharmaceuticals (VRTX), Paypal (PYPL), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

MarketAxess trades on the NASDAQ under the ticker symbol "MKTX."

Shares of MKTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MKTX stock can currently be purchased for approximately $501.88.

MarketAxess has a market capitalization of $19.03 billion and generates $511.35 million in revenue each year. The financial services provider earns $204.90 million in net income (profit) each year or $5.40 on an earnings per share basis. MarketAxess employs 476 workers across the globe.

The official website for MarketAxess is www.marketaxess.com.

MarketAxess' mailing address is 55 HUDSON YARDS 15TH FLOOR, NEW YORK NY, 10001. The financial services provider can be reached via phone at 212-813-6000 or via email at [email protected]