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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 - $296.68
Previous Close$226.04
Volume218.16K
Average Volume (3M)392.04K
Market Cap
$8.52B
Enterprise Value$7.94B
Total Cash (Recent Filing)$660.22M
Total Debt (Recent Filing)$75.08M
Price to Earnings (P/E)30.6
Beta0.71
Next Earnings
Jan 22, 2025EPS Estimate
$1.83Last Dividend Ex-Date
Nov 20, 2024Dividend Yield1.31%
Share Statistics
EPS (TTM)7.39
Shares Outstanding37,704,364
10 Day Avg. Volume371,818
30 Day Avg. Volume392,038
Standard Deviation0.12
R-Squared0.20
Alpha-0.01
Financial Highlights & Ratios
PEG Ratio2.55
Price to Book (P/B)6.15
Price to Sales (P/S)10.46
Price to Cash Flow (P/CF)22.30
P/FCF Ratio25.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.78
Enterprise Value/Gross Profit14.55
Enterprise Value/Ebitda27.65
Forecast
1Y Price Target
$273.10Price Target Upside20.82% Upside
Rating ConsensusHold
Number of Analyst Covering10
Marketaxess Holdings News
PremiumCompany Announcements
MarketAxess Reports Strong Revenue Growth in Q3 2024
PremiumCompany Announcements
MarketAxess Holdings Reports Strong Q3 2024 GrowthBulls Say, Bears Say
Bulls Say
Financial PerformanceMKTX reported total credit ADV of $14.1b, which is up +27% year-over-year, and +7% above MSe and +8% above consensus estimates for the quarter.
Market ExpansionMKTX is effectively driving penetration in new protocols internationally with RFM volume and DRFQ volume up 42% and 47% year-over-year, respectively.
Volume GrowthTotal average daily volume through November is tracking 14% above consensus for the fourth quarter, driven by strength in rates.
Bears Say
EarningsThere is a lowering of 2025/26 EPS estimates due to softer credit revenues and an upward revision to expenses.
Financial PerformancePreliminary average fee per million for total credit was $146 for the month of November, down from $157 in the prior year.
Market ShareMarket share in investment-grade credit is down 250 basis points year-over-year, and in high-yield credit, it is down 470 basis points year-over-year.
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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 $296.68 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 Jan 22, 2025 which is in 18 days.
How were Marketaxess Holdings’s earnings last quarter?
Marketaxess Holdings released its earnings results on Nov 06, 2024. The company reported $1.9 earnings per share for the quarter, beating the consensus estimate of $1.844 by $0.056.
Is Marketaxess Holdings overvalued?
According to Wall Street analysts Marketaxess Holdings’s price is currently Undervalued.
Does Marketaxess Holdings pay dividends?
Marketaxess Holdings pays a Quarterly dividend of $0.74 which represents an annual dividend yield of 1.31%. See more information on Marketaxess Holdings dividends here
What is Marketaxess Holdings’s EPS estimate?
Marketaxess Holdings’s EPS estimate is $1.83.
How many shares outstanding does Marketaxess Holdings have?
Marketaxess Holdings has 37,704,365 shares outstanding.
What happened to Marketaxess Holdings’s price movement after its last earnings report?
Marketaxess Holdings reported an EPS of $1.9 in its last earnings report, beating expectations of $1.844. Following the earnings report the stock price went down -1.534%.
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 513M.
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Marketaxess Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$273.10 (20.82% Upside)
$273.10 (20.82% Upside)
Blogger Sentiment
Bullish
MKTX Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 131.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $13.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 3.6%
Last 30 Days ▲ 2.1%
Last 30 Days ▲ 2.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-21.82%
12-Months-Change
Fundamentals
Return on Equity
21.63%
Trailing 12-Months
Asset Growth
5.50%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in revenue, international trading, and emerging markets, supported by strategic partnerships and automation. However, challenges in U.S. high-grade market share and high-yield activity, along with increased variable expenses, present areas to address. The sentiment remains mixed with strong positives balanced by notable challenges.Read More>---
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
$273.10
▲(20.82% Upside)
Technical Analysis
Best Analysts Covering MKTX
1 Year
1 Year Success Rate
8/11 ratings generated profit
1 Year Average Return
+7.06%
reiterated a sell rating 8 months ago
Copying Andrew Bond's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +7.06% per trade.
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