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Marketaxess Holdings (MKTX)
NASDAQ:MKTX
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MKTX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$192.42 - $297.97
Previous Close$259.83
Volume507.90K
Average Volume (3M)376.61K
Market Cap
$9.81B
Enterprise Value$9.27B
Total Cash (Recent Filing)$616.11M
Total Debt (Recent Filing)$76.08M
Price to Earnings (P/E)37.2
Beta1.12
Next Earnings
Oct 16, 2024EPS Estimate
$1.65Last Dividend Ex-Date
Aug 21, 2024Dividend Yield1.14%
Share Statistics
EPS (TTM)6.95
Shares Outstanding37,751,975
10 Day Avg. Volume393,468
30 Day Avg. Volume376,612
Standard Deviation0.12
R-Squared0.22
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)7.38
Price to Sales (P/S)12.55
Price to Cash Flow (P/CF)20.50
P/FCF Ratio24.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.92
Enterprise Value/Gross Profit16.99
Enterprise Value/Ebitda34.91
Forecast
1Y Price Target
$241.89Price Target Upside-6.73% Downside
Rating ConsensusHold
Number of Analyst Covering10
Marketaxess Holdings News
Bulls Say, Bears Say
Bulls Say
Market ShareMKTX market share is expected to benefit in both IG and HY from lower issuance, higher credit spreads/volatility, wider bid-ask spreads, increased ETF activity, and lower PT activity.
New Tools And AnalyticsPotential positive share impacts from the rollout of new trading tools/analytics.
Partnership And CollaborationThe collaboration has the potential to accelerate electronification in the underpenetrated municipal bond asset class, forges meaningful retail connectivity, and opens the door to additional opportunities in the future.
Bears Say
Credit FranchiseThe firm continues to face headwinds within its Credit franchise, both on lower market share levels as well as challenging unit economics.
EarningsThe stock’s EPS growth algorithm remains well below historical levels, which will continue to weigh on the stock’s forward valuation.
Market ShareThe company continues to see pressure on market share in US IG and HY Credit.
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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 $192.42 and its highest was $297.97 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 Oct 16, 2024 which is in 26 days.
How were Marketaxess Holdings’s earnings last quarter?
Marketaxess Holdings released its earnings results on Aug 06, 2024. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.679 by $0.041.
Is Marketaxess Holdings overvalued?
According to Wall Street analysts Marketaxess Holdings’s price is currently Overvalued.
Does Marketaxess Holdings pay dividends?
Marketaxess Holdings pays a Quarterly dividend of $0.74 which represents an annual dividend yield of 1.14%. See more information on Marketaxess Holdings dividends here
What is Marketaxess Holdings’s EPS estimate?
Marketaxess Holdings’s EPS estimate is $1.65.
How many shares outstanding does Marketaxess Holdings have?
Marketaxess Holdings has 37,751,976 shares outstanding.
What happened to Marketaxess Holdings’s price movement after its last earnings report?
Marketaxess Holdings reported an EPS of $1.72 in its last earnings report, beating expectations of $1.679. Following the earnings report the stock price went up 5.239%.
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 430M.
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Marketaxess Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$241.89 (-6.73% Downside)
$241.89 (-6.73% Downside)
Blogger Sentiment
Bullish
MKTX Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 50.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.9%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.92%
12-Months-Change
Fundamentals
Return on Equity
21.02%
Trailing 12-Months
Asset Growth
16.52%
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
Q2 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
$241.89
▼(-6.73% Downside)
Technical Analysis
Best Analysts Covering MKTX
1 Year
1 Year Success Rate
9/12 ratings generated profit
1 Year Average Return
+11.18%
reiterated a buy rating 22 days ago
Copying Christopher Allen's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +11.18% per trade.
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