Piper Sandler analyst Patrick Moley maintained a Hold rating on Marketaxess Holdings (MKTX – Research Report) today and set a price target of $250.00. The company’s shares closed yesterday at $214.08.
According to TipRanks, Moley is a 3-star analyst with an average return of 2.8% and a 50.00% success rate. Moley covers the Financial sector, focusing on stocks such as BGC Group, Cboe Global Markets, and Marketaxess Holdings.
Marketaxess Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $259.43, which is a 21.18% upside from current levels. In a report released on October 11, Deutsche Bank also maintained a Hold rating on the stock with a $242.00 price target.
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Based on Marketaxess Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $158.59 million and a net profit of $59.86 million. In comparison, last year the company earned a revenue of $163.46 million and had a net profit of $66.92 million
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MKTX in relation to earlier this year.
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Marketaxess Holdings (MKTX) Company Description:
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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