MKM Partners
MKM Partners was an institutional equity research, sales and trading firm headquartered in Stamford, Connecticut, serving hedge funds and long-only managers. Roth Capital Partners acquired it in 2023, and its research continued under the ROTH MKM name.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 012M
- Actions
- 012M
- On record
- May 2012 – Oct 2024
Overview
In early 2013, MKM had about 100 employees, including 22 in research. Hedge funds represented roughly 55% of its clients, with long-only funds and family offices making up the remaining 45%. The firm emphasized timely research and low-cost trade execution, describing itself as an extension of its clients' trading and research teams. Its researchers sat on the trading desk.
Brothers Thomas and Steven Messina, formerly of A.B. Watley, founded MKM Partners in Stamford in 2001. The firm opened offices in Boston, Chicago, New York, San Francisco, Los Angeles, Dallas and Austin and added derivatives, event-driven, technical and high-yield offerings. Roth Capital Partners agreed to buy it in August 2022 and closed on 31 January 2023, with MKM chief executive Sagar Sheth becoming CEO of ROTH MKM; MKM's broker-dealer registration ended in May 2023.
Milestones
- 2001
Founded in Stamford by Thomas and Steven Messina
- 2022
Agrees to be acquired by Roth Capital Partners
- 2023
Acquisition closes; combined firm operates as ROTH MKM
Firm facts
- Legal name
- MKM Partners, LLC
- Type
- Boutique
- Founded
- 2001
- Headquarters
- Stamford, United States
- Parent
- Roth Capital Partners
- Rating scale
- BuyNeutralSell12 months
- Status
- RetiredSucceeded by Roth MKM
Research philosophy
The research team is focused on providing timely and actionable ideas that present clients with macro, technical and fundamental views that enhance our clients’ own research.
MKM combined fundamental equity research with macroeconomics, technical analysis, derivatives strategy, event-driven commentary and alternative research. In 2021, it described a combination of top-down and bottom-up analysis aimed at helping clients outperform. Its fundamental analysts also issued tactical ratings on companies positioned to benefit or suffer from long-term trends in consumer and cyclical sectors.
Rating methodology
Over 12 months, Buy indicated an expected absolute price gain of at least 15%, Sell a decline of at least 15%, and Neutral no significant change in value.
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Byrna Technologies Inc.BYRN | — | $16.25 |
Most active analysts
- Jon Hickman1 notesBYRN
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Oct 7, 2024 | Byrna Technologies Inc.BYRN | Target | $16.25 | Jon Hickman | |
| Jul 9, 2024 |  Amazon.com, Inc.AMZN | Target | $180 →$210 | Rohit Kulkarni | |
| Mar 1, 2024 |  Celsius Holdings, Inc.CELH | Target | $90 | Sean McGowan | |
| Dec 7, 2023 | CHChargePoint Holdings, Inc.CHPT | Target | $2 | Craig Irwin | |
| Aug 11, 2023 | BRBRC Inc.BRCC | Reiterate | Buy | ||
| Aug 10, 2023 | ALAlarm.com Holdings, Inc.ALRM | Reiterate | Buy | ||
| Aug 10, 2023 |  Monster Beverage CorporationMNST | Reiterate | Neutral | ||
| Jul 18, 2023 |  DraftKings Inc.DKNG | Target | $20 | Edward Engel | |
| Jun 27, 2023 |  Alphabet Inc.GOOG | Reiterate | Buy | ||
| Apr 27, 2023 | PIPinterest, Inc.PINS | Target | $28 →$27 | Rohit Kulkarni | |
| Jan 31, 2023 |  Fortinet, Inc.FTNT | Reiterate | Buy | ||
| Jan 27, 2023 |  Winnebago Industries, Inc.WGO | Reiterate | Neutral |