Somewhat Positive Media Coverage Somewhat Unlikely to Affect MarketAxess (MKTX) Share Price

Press coverage about MarketAxess (NASDAQ:MKTX) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MarketAxess earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.9354784583789 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

MarketAxess (NASDAQ:MKTX) traded up $2.20 during trading on Friday, reaching $203.72. 214,055 shares of the company traded hands, compared to its average volume of 241,191. MarketAxess has a twelve month low of $153.95 and a twelve month high of $211.06. The company has a market cap of $7,564.44, a price-to-earnings ratio of 52.37 and a beta of 0.70.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.90. MarketAxess had a net margin of 37.67% and a return on equity of 30.12%. The firm had revenue of $96.70 million for the quarter, compared to analyst estimates of $96.35 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. analysts predict that MarketAxess will post 3.93 EPS for the current fiscal year.

MarketAxess declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Several research firms have weighed in on MKTX. Zacks Investment Research upgraded shares of MarketAxess from a “hold” rating to a “strong-buy” rating and set a $238.00 price objective for the company in a research report on Monday, January 8th. Goldman Sachs Group cut shares of MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price target for the company. in a research report on Monday, January 8th. Rosenblatt Securities began coverage on shares of MarketAxess in a research report on Thursday, December 14th. They set a “neutral” rating and a $190.00 price target for the company. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $215.00 price target on shares of MarketAxess in a research report on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $202.86.

In other MarketAxess news, insider Nicholas Themelis sold 4,000 shares of MarketAxess stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $176.40, for a total value of $705,600.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin M. Mcpherson sold 5,000 shares of MarketAxess stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $176.61, for a total transaction of $883,050.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,225 shares of company stock worth $8,955,630. Insiders own 4.02% of the company’s stock.

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About MarketAxess

MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.

Insider Buying and Selling by Quarter for MarketAxess (NASDAQ:MKTX)

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