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MKTX

MarketAxess

$365.72

-2.78 (-0.75%)

08:22
11/04/19
11/04
08:22
11/04/19
08:22

MarketAxess completes acquisition of LiquidityEdge

MarketAxess Holdings has completed its previously announced acquisition of LiquidityEdge, a leading provider of an electronic U.S. Treasuries marketplace. The acquisition was completed on November 1, 2019 following approval from the necessary regulatory authorities. The purchase price is approximately $150 million, including $100 million in cash and 146,450 shares of MarketAxess common stock, subject to customary purchase price adjustments.

MKTX MarketAxess
$365.72

-2.78 (-0.75%)

08/29/19
ARGS
08/29/19
INITIATION
ARGS
Hold
MarketAxess initiated with a Hold at Argus
08/29/19
ARGS
08/29/19
INITIATION
ARGS
Hold
MarketAxess initiated with a Hold at Argus
Argus analyst Kevin Heal initiated MarketAxess with a Hold rating, saying that while the company will continue to grow as bond investors continue to shift their transactions to electronic exchange-based platforms, the 75-times expected 2019 earnings multiple keeps him on the sidelines. The analyst still cites the company's "strong trading volumes" and gains made in its pricing/analytics business as "catalysts for further growth", adding that he will consider raising his rating on a pullback in valuation toward the industry average.
08/29/19
08/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. NXP Semiconductors (NXPI) initiated with a Buy at Loop Capital. 2. Exponent (EXPO) initiated with a Neutral at DA Davidson. 3. Dova Pharmaceuticals (DOVA) initiated with an Outperform at Oppenheimer. 4. Cree (CREE) initiated with an Underperform at Exane BNP Paribas. 5. MarketAxess (MKTX) initiated with a Hold at Argus. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/27/19
JEFF
09/27/19
NO CHANGE
Target $339
JEFF
Hold
MarketAxess price target raised to $339 from $318 at Jefferies
Jefferies analyst Daniel Fannon raised his price target for MarketAxess Holdings to $339 from $318 after spending time with management. While September is not as strong as the August metrics, overall trends across the business remain solid, Fannon tells investors in a research note. The analyst increased his Q3 earnings per share estimate to $1.27 from $1.13 but keeps a Hold rating on the shares.

TODAY'S FREE FLY STORIES

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EVRI

Everi Holdings

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ZUMZ

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CRWD

Crowdstrike

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FNHC

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CRWD

Crowdstrike

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CRWD

Crowdstrike

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16:35
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EPZM

Epizyme

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ESTA

Establishment Labs

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IDT

IDT Corp

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KODK

Kodak

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PAC

GAP Airports

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JOE

Saint Joe Co.

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ALEC

Alector

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MGLN

Magellan Health

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SWIR

Sierra Wireless

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ASR

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AXNX

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COO

Cooper Companies

$313.10

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Options
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COO

Cooper Companies

$312.96

0.86 (0.28%)

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Earnings
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BOLD

Audentes Therapeutics

$59.19

-0.09 (-0.15%)

, ALPMY

Astellas Pharma

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BOLD

Audentes Therapeutics

$59.19

-0.09 (-0.15%)

ALPMY

Astellas Pharma

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  • 07

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ZUMZ

Zumiez

$30.63

0.67 (2.24%)

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Zumiez provides Q4 quarter to date sales update »

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ZUMZ

Zumiez

$30.63

0.67 (2.24%)

16:26
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Earnings
Zumiez sees FY19 EPS $2.38- $2.46, consensus $2.16 »

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COO

Cooper Companies

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0.86 (0.28%)

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Earnings
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