In a report released yesterday, Jeremy Campbell from Barclays maintained a Hold rating on Marketaxess Holdings (MKTX – Research Report), with a price target of $315. The company’s shares closed yesterday at $354.53, close to its 52-week high of $356.28.
According to TipRanks.com, Campbell is a 4-star analyst with an average return of 5.1% and a 53.2% success rate. Campbell covers the Financial sector, focusing on stocks such as Virtus Investment Partners, Intercontinental Exchange, and Cboe Global Markets Inc.
Currently, the analyst consensus on Marketaxess Holdings is a Moderate Sell with an average price target of $271.67.
Based on Marketaxess Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $52.52 million. In comparison, last year the company had a net profit of $40.49 million.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.
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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.