Tradeweb Markets Inc. (NASDAQ: TW) stock fell -1.89% on Thursday to $68.48 against a previous-day closing price of $69.80. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.88 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $69.86 whereas the lowest price it dropped to was $67.95. The 52-week range on TW shows that it touched its highest point at $79.98 and its lowest point at $51.47 during that stretch. It currently has a 1-year price target of $84.00. With its current market cap of 14.59 billion, TW has annualized dividend of $0.36 while the current yield stands at 0.53%. Beta for the stock currently stands at 0.96.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TW was down-trending over the past week, with a drop of -2.69%, but this was down by -1.81% over a month. Three-month performance dropped to -3.62% while six-month performance rose 18.62%. The stock gained 4.82% in the past year, while it has gained 5.47% so far this year. A look at the trailing 12-month EPS for TW yields 1.50 with Next year EPS estimates of 2.43. For the next quarter, that number is 0.52. This implies an EPS growth rate of 35.50% for this year and 13.46% for next year. EPS is expected to grow by 13.24% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.90%.
Float and Shares Shorts:
At present, 208.10 million TW shares are outstanding with a float of 84.60 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.7 million, which was 1.75% higher than short shares on Mar 30, 2023. In addition to Mr. Lee Olesky as the firm’s Co-Founder & Chairman, Mr. William E. Hult serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 101.55% of TW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.38% of TW, in contrast to 42.87% held by mutual funds. Shares owned by individuals account for 0.91%. As the largest shareholder in TW with 9.23% of the stake, The Vanguard Group, Inc. holds 10,266,189 shares worth 10,266,189. A second-largest stockholder of TW, T. Rowe Price Investment Manageme, holds 7,300,519 shares, controlling over 6.56% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in TW, holding 6,521,036 shares or 5.86% stake. With a 3.66% stake in TW, the BlackRock Mid Cap Growth Equity P is the largest stakeholder. A total of 4,069,609 shares are owned by the mutual fund manager. The T Rowe Price Mid Cap Growth Fund, which owns about 3.25% of TW stock, is the second-largest Mutual Fund holder. It holds 3,611,600 shares valued at 254.29 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in TW, owning 3,458,049 shares worth 243.48 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TW reported revenue of $297.14M and operating income of $106.61M. The EBITDA in the recently reported quarter was $151.38M and diluted EPS was $0.33.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TW analysts setting a high price target of $95.00 and a low target of $72.00, the average target price over the next 12 months is $83.67. Based on these targets, TW could surge 38.73% to reach the target high and rise by 5.14% to reach the target low. Reaching the average price target will result in a growth of 22.18% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, TW has a current ratio of $0.36, which is $0.36 over the trailing 12-months, while a dividend of $0.29 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and TW currently yields $0.48. In the past year, TW’s dividend yield has been $0.48, but when looking at the stock over the past five years, its yield has been $0.45. Accordingly, TW has a current buyback yield of $0.5. This was $0.5 for the TTM.
Summary of Insider Activity:
Insiders traded TW stock several times over the past three months with 28 Buys and 31 Sells. In these transactions, 461,701 shares were bought while 481,071 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has risen to 62 over the past year. The total number of shares bought during that period was 873,976 while 929,149 shares were sold.
