MarketAxess (MKTX) Set to Announce Quarterly Earnings on Tuesday

MarketAxess (NASDAQ:MKTX) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect MarketAxess to post earnings of $1.85 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

MarketAxess Trading Down 2.5 %

MKTX opened at $203.82 on Monday. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 4.26 and a beta of 0.98. MarketAxess has a 12 month low of $199.33 and a 12 month high of $303.85. The stock has a fifty day moving average price of $213.67 and a 200-day moving average price of $235.41.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. The Goldman Sachs Group decreased their price objective on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Bank of America initiated coverage on MarketAxess in a research note on Wednesday, April 10th. They set an “underperform” rating and a $199.00 target price on the stock. Rosenblatt Securities decreased their price target on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research note on Thursday, February 1st. Finally, Morgan Stanley boosted their price target on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MarketAxess presently has a consensus rating of “Hold” and an average price target of $252.80.

Insider Activity at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the completion of the transaction, the executive now owns 70,092 shares in the company, valued at approximately $15,508,555.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

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.