Tradeweb Markets reports ADV of $780.9B in June, $778.4B in Q2 » 07:3807/0607/06/20
Tradeweb Markets reported…
Tradeweb Markets reported average daily volume, or ADV, of $780.9B in June, a decrease of 8.9% year over year. For Q2, Tradeweb reported ADV of $778.4B, up 3.5% YoY, and preliminary average variable fees per million dollars of volume traded of $2.56.
|Over a week ago|
Tradeweb Markets downgraded to Neutral from Buy at Goldman Sachs » 05:1806/2206/22/20
Goldman Sachs analyst…
Goldman Sachs analyst Alexander Blostein downgraded Tradeweb Markets to Neutral from Buy with a price target of $66, down from $67. Following the 37% rally year-to-date, the stock trades relatively close to the price target, Blostein tells investors in a research note. Further, "industry-wide" risks related to lower interest rate volumes could result in slower sales growth over the next 1-2 years than historically, limiting earnings upside versus consensus, adds the analyst. Blostein still views Tradeweb as one of the best secular growth stories in the space, but believes business is not immune to headwinds in rates markets.
Tradeweb Markets price target raised to $63 from $50 at Piper Sandler » 10:0206/1506/15/20
Piper Sandler analyst…
Piper Sandler analyst Richard Repetto raised the firm's price target on Tradeweb Markets to $63 from $50 and keeps a Neutral rating on the shares. The company's volumes continue to show "strong" year-over-year increases, however the sequential increase from April was lighter than anticipated, Repetto told investors in a research note earlier. The analyst maintains estimates for Tradeweb following the company's May volume report.
|Over a month ago|
Former senior Citadel data executive lands at Tradeweb, eFinancialCareers says » 14:5205/1805/18/20
According to a story from…
According to a story from Sarah Butcher, global editor for eFinancialCareers, a former Citadel COO for the data strategies group and Artificial Intelligence, AI, research, Lisa Schirf has "resurfaced." Schirf, wfo left Citadel in 2018, had a 12-month non compete, and is now "global head of data strategy at TradeWeb in New York.," added the eFinancialCareers story. Reference Link
Tradeweb Markets price target raised to $60 from $53 at Barclays » 06:1405/0805/08/20
Barclays analyst Jeremy…
Barclays analyst Jeremy Campbell raised the firm's price target on Tradeweb Markets to $60 from $53 and keeps an Overweight rating on the shares following the company's "solid" Q1 results. The forthcoming treasury issuance could spur trading activity, Campbell tells investors in a research note.
Tradeweb Markets reports Q1 adj. EPS 37c, consensus 31c » 07:4305/0705/07/20
Reports Q1 revenue…
Reports Q1 revenue $234.61M, consensus $221.49M. As the human and economic impact of COVID-19 continues to be felt around the world, we remain focused on keeping our people safe, helping our clients find liquidity, and discovering new ways for markets to operate more efficiently. We see the long-term trend towards more electronic markets accelerating, which is reflected in both client behavior and record trading volumes. Our clients are interacting with Tradeweb in new ways, expanding their use of tools like portfolio trading and net-spotting, and demonstrating greater confidence in electronic trading and digital workflows. For many, and we hear this all the time, there's simply no going back to the old way of doing things."
Tradeweb Markets reports ADV of $763.4B for April, up 14.6% y/y » 07:4705/0505/05/20
Tradeweb Markets reported…
Tradeweb Markets reported average daily volume, or ADV, of $763.4B in April, an increase of 14.6 percent% year over year.
Tradeweb Markets 11.16M share Secondary priced at $50.25 » 20:2404/2204/22/20
The deal size was…
The deal size was increased from 10.95M shares and priced below the last closing price of $51.25. JPMorgan, Barclays, Citi, Goldman Sachs and Morgan Stanley are acting as joint book running managers for the offering.
Tradeweb Markets' set-up remains attractive, says Rosenblatt » 08:4404/2104/21/20
Rosenblatt analyst Kenneth Hill raised the firm's price target on Tradeweb Markets to $61 from $60 and keeps a Buy rating on the shares after the company pre-announced revenues and expenses that were each better than consensus in conjunction with its expected follow-on offering. Tradeweb shares are up 13% on the year and the multiple remains elevated relative to most of the stocks he covers, but Hill believes the set-up remains attractive as he sees activity levels staying elevated for the foreseeable future with a solid tailwind from an active fixed income market.
Tradeweb Markets files to sell 10.95M shares of Class A common stock » 18:4204/2004/20/20
Tradeweb intends to use…
Tradeweb intends to use the net proceeds from the offering to purchase equity interests from certain existing owners. Refinitiv will continue to own a controlling interest in Tradeweb following the offering. J.P. Morgan, Barclays, Citigroup, Goldman Sachs & Co. and Morgan Stanley are acting as the joint book-running managers for the offering.