Nasdaq (NASDAQ:NDAQ) Stock Price Target Raised at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised Nasdaq’s price target to $116 from $115 and maintained a “buy” rating, implying 23.69% upside from the stock’s $93.78 price. Analysts overall rate the stock “Moderate Buy,” with an average target of $110.47.
• Nasdaq reported quarterly EPS of $1.07, exceeding the $0.98 consensus estimate, while revenue rose 14.9% year over year to $2.53 billion. Analysts project full-year EPS of $4.13.
• Institutional investors hold 72.47% of Nasdaq’s shares, with BlackRock initiating the largest reported position at approximately $2.93 billion; insiders have sold 44,047 shares worth about $4.14 million over the past three months.

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its target price increased by Deutsche Bank Aktiengesellschaft from $115.00 to $116.00 in a research report issued on Monday. The brokerage presently has a "buy" rating on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 23.69% from the stock's current price.

Several other equities analysts have also recently commented on NDAQ. Raymond James Financial restated an "outperform" rating on shares of Nasdaq in a research report on Thursday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Nasdaq in a report on Monday, July 20th. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a research report on Friday, July 24th. TD Cowen decreased their price objective on shares of Nasdaq from $108.00 to $107.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Morgan Stanley cut their price objective on shares of Nasdaq from $120.00 to $118.00 and set an "overweight" rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $110.47.

Nasdaq Stock Down 0.5%

Nasdaq stock traded down $0.51 during trading on Monday, hitting $93.78. 750,509 shares of the company were exchanged, compared to its average volume of 3,787,797. The company has a market capitalization of $52.42 billion, a P/E ratio of 27.35, a PEG ratio of 1.67 and a beta of 0.99. The business's 50 day moving average is $94.77 and its 200 day moving average is $90.38. Nasdaq has a 52 week low of $76.55 and a 52 week high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business's revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts predict that Nasdaq will post 4.13 earnings per share for the current year.

Insider Activity

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president owned 128,293 shares in the company, valued at $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 1,125 shares of the company's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $106,875.00. Following the transaction, the executive vice president owned 100,073 shares in the company, valued at approximately $9,506,935. This trade represents a 1.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 44,047 shares of company stock worth $4,139,191. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NDAQ. BlackRock Inc. purchased a new position in Nasdaq in the second quarter valued at about $2,931,637,000. Bank of America Corp DE bought a new stake in shares of Nasdaq in the 2nd quarter worth approximately $603,631,000. The Manufacturers Life Insurance Company purchased a new position in Nasdaq in the second quarter valued at approximately $377,818,000. Legal & General Group Plc bought a new position in Nasdaq during the second quarter valued at $220,130,000. Finally, Deutsche Bank AG purchased a new stake in Nasdaq in the second quarter worth $180,099,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq's business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.

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