| Over a week ago | ||||
Rosenblatt analyst Sean… Rosenblatt analyst Sean Horgan raised the firm's price target on MarketAxess to $670 from $605 and reiterates a Buy rating on the shares following the company's January volume report. The quarter is off to a solid start with strength across asset classes, Horgan tells investors in a research note. He expects the shares to react positively to the news, but notes a rally could be moderated some by the momentum following Q4 earnings last week. Horgan sees any near-term weakness as an opportunity to accumulate shares of MarketAxess. | ||||
MarketAxess announced… MarketAxess announced monthly trading volume for January 2021 of $575.3B consisting of $236.5B in credit volume and $338.8B in rates volume. | ||||
Rosenblatt analyst Sean… Rosenblatt analyst Sean Horgan raised the firm's price target on MarketAxess to $605 from $588 and keeps a Buy rating on the shares. The analyst believes the post-earnings share really was driven by "solid" January volume trends and positive commentary around product launches/enhancements slated for the second half of 2021. Horgan sees "incremental catalysts" providing upside potential to consensus 2021 and 2022 estimates following the Q4 report. | ||||
| Over a month ago | ||||
The company expects… The company expects repurchases under the new program to commence in April following the expiration of the current plan. | ||||
Includes an expected… Includes an expected increase in capitalized software development to support new protocols, products and platform enhancements. The company's overall effective tax rate is expected to be between 22.0%-24.0% and reflects a lower benefit from estimated excess tax benefits on share-based compensation awards. | ||||
To be paid on February 24… To be paid on February 24 to stockholders of record as of the close of business on February 10. | |
Reports Q4 revenue… Reports Q4 revenue $171.3M, consensus $168.62M. | |
Rosenblatt analyst Seth… Rosenblatt analyst Seth Horgan upgraded MarketAxess to Buy from Neutral. | |
As previously reported,… As previously reported, Compass Point analyst Christopher Allen upgraded Tradeweb Markets (TW) to Buy from Neutral with a price target of $72, up from $62, calling the rating change a "relative call" versus MarketAxess (MKTX) given he sees the former being positively levered to rising Treasury yields and the latter facing more of a headwind from rising yields. He sees more potential for multiple compression at MarketAxess relative to Tradeweb in the current environment, Allen added. | |
MarketAxess Holdings… MarketAxess Holdings (MKTX) announced the appointment of Raj Paranandi as COO, EMEA & APAC. The appointment is effective March 1st, 2021. Based in London, Mr. Paranandi will have day-to-day operational oversight for EMEA & APAC, including technology and product development, client and account services, data operations, regulatory operations and controls, settlements and middle-office functions. He will play a lead role in setting the long-term goals for the international business and lead new strategic change management initiatives. He will report to Christophe Roupie and work closely with Chris Concannon, President and COO at MarketAxess. Mr. Paranandi joins MarketAxess from UBS (UBS), where he was most recently Global Co-Head of Digital Transformation for UBS Global Markets & Global Head of Change for UBS Investment Bank. |