Morgan Stanley Sticks to Its Hold Rating for Marketaxess Holdings (MKTX)

Morgan Stanley analyst Michael Cyprys maintained a Hold rating on Marketaxess Holdings today and set a price target of $204.00.

Claim 70% Off TipRanks This Holiday Season

• Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Cyprys covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Tradeweb Markets, and Intercontinental Exchange. According to TipRanks, Cyprys has an average return of 4.2% and a 53.72% success rate on recommended stocks.

In addition to Morgan Stanley, Marketaxess Holdings also received a Hold from Barclays’s Benjamin Budish in a report issued on December 11. However, on December 16, Argus Research maintained a Buy rating on Marketaxess Holdings (NASDAQ: MKTX).

Based on Marketaxess Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $208.82 million and a net profit of $68.18 million. In comparison, last year the company earned a revenue of $206.72 million and had a net profit of $71.49 million

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MKTX in relation to earlier this year. Earlier this month, Scott Pintoff, the GC & Secretary of MKTX sold 100.00 shares for a total of $17,785.00.