Marketaxess Holdings (MKTX) Receives a Rating Update from a Top Analyst

In a report released today, Patrick Moley from Piper Sandler maintained a Hold rating on Marketaxess Holdings, with a price target of $175.00.

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Moley covers the Financial sector, focusing on stocks such as Coinbase Global, Riot Platforms, and Cboe Global Markets. According to TipRanks, Moley has an average return of 41.6% and a 74.16% success rate on recommended stocks.

In addition to Piper Sandler, Marketaxess Holdings also received a Hold from Barclays’s Benjamin Budish in a report issued on January 8. However, on January 9, UBS 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. Last month, Scott Pintoff, the GC & Secretary of MKTX sold 100.00 shares for a total of $17,785.00.