MarketAxess Holdings Sees Significant Growth in Short Interest (MKTX)
Shares of MarketAxess Holdings (NASDAQ:MKTX) were the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 854,415 shares, a growth of 27.8% from the April 15th total of 668,550 shares, Analyst RN reports. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 263,224 shares, the days-to-cover ratio is presently 3.2 days.
A number of analysts have recently weighed in on MKTX shares. Analysts at Credit Suisse reiterated an “underperform” rating on shares of MarketAxess Holdings in a research note on Tuesday, May 13th. They now have a $52.00 price target on the stock, down previously from $54.00. Analysts at Keefe, Bruyette & Woods cut their price target on shares of MarketAxess Holdings from $62.00 to $60.00 in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. MarketAxess Holdings presently has a consensus rating of “Hold” and an average price target of $57.80.
Shares of MarketAxess Holdings (NASDAQ:MKTX) opened at 54.43 on Tuesday. MarketAxess Holdings has a 52 week low of $42.53 and a 52 week high of $71.62. The stock has a 50-day moving average of $54.96 and a 200-day moving average of $61.48. The company has a market cap of $2.053 billion and a price-to-earnings ratio of 25.88.
MarketAxess Holdings (NASDAQ:MKTX) last released its earnings data on Wednesday, April 23rd. The company reported $0.46 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.46. The company had revenue of $63.40 million for the quarter, compared to the consensus estimate of $65.58 million. During the same quarter last year, the company posted $0.41 earnings per share. MarketAxess Holdings’s revenue was up 18.1% compared to the same quarter last year. Analysts expect that MarketAxess Holdings will post $1.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, May 6th.
MarketAxess Holdings Inc (NASDAQ:MKTX) operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments.
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