Somewhat Positive News Coverage Somewhat Unlikely to Affect MarketAxess (MKTX) Stock Price

News articles about MarketAxess (NASDAQ:MKTX) have trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MarketAxess earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.154297953263 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

Shares of MKTX traded down $0.44 during mid-day trading on Monday, reaching $202.06. 182,010 shares of the company were exchanged, compared to its average volume of 259,268. MarketAxess has a 52 week low of $171.45 and a 52 week high of $229.84. The company has a market capitalization of $7,619.92, a price-to-earnings ratio of 51.81 and a beta of 0.57.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. MarketAxess had a return on equity of 29.54% and a net margin of 37.26%. The company had revenue of $99.57 million during the quarter, compared to the consensus estimate of $98.70 million. research analysts predict that MarketAxess will post 4.56 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded MarketAxess from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Raymond James restated a “market perform” rating on shares of MarketAxess in a research report on Monday, January 22nd. Zacks Investment Research downgraded MarketAxess from a “hold” rating to a “sell” rating in a research report on Thursday, April 5th. Goldman Sachs downgraded MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Monday, January 8th. Finally, Keefe, Bruyette & Woods downgraded MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $214.50.

In other MarketAxess news, CEO Richard M. Mcvey sold 35,000 shares of MarketAxess stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $190.61, for a total value of $6,671,350.00. Following the completion of the sale, the chief executive officer now directly owns 1,115,767 shares in the company, valued at $212,676,347.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Themelis sold 5,400 shares of MarketAxess stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $218.11, for a total value of $1,177,794.00. Following the completion of the sale, the insider now owns 57,927 shares of the company’s stock, valued at $12,634,457.97. The disclosure for this sale can be found here. Insiders have sold 55,125 shares of company stock valued at $10,849,545 over the last 90 days. 4.02% of the stock is owned by corporate insiders.

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About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.

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

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