Barclays Raises Nasdaq (NASDAQ:NDAQ) Price Target to $101.00

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its price objective boosted by Barclays from $84.00 to $101.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Barclays's price objective indicates a potential upside of 12.96% from the company's previous close.

NDAQ has been the topic of several other research reports. Raymond James Financial reissued an "outperform" rating and issued a $96.00 price objective (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a research note on Tuesday, April 8th. Piper Sandler boosted their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.69.

Nasdaq Stock Performance

Shares of NDAQ traded down $1.32 during mid-day trading on Thursday, hitting $89.41. 2,433,101 shares of the company's stock were exchanged, compared to its average volume of 3,076,883. The stock's 50-day simple moving average is $84.62 and its 200-day simple moving average is $79.67. The firm has a market cap of $51.33 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. Nasdaq has a 52 week low of $62.00 and a 52 week high of $90.84. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that Nasdaq will post 3.18 EPS for the current year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares in the company, valued at approximately $9,867,680.45. This trade represents a 9.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the completion of the sale, the executive vice president owned 94,656 shares of the company's stock, valued at approximately $8,440,475.52. This trade represents a 2.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,613 shares of company stock worth $1,874,659. Insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bruce G. Allen Investments LLC boosted its holdings in Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock worth $25,000 after buying an additional 120 shares during the period. Grove Bank & Trust raised its position in shares of Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after buying an additional 216 shares in the last quarter. Highline Wealth Partners LLC raised its position in Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after purchasing an additional 317 shares during the period. Rakuten Securities Inc. bought a new stake in Nasdaq in the 4th quarter worth $26,000. Finally, Opal Wealth Advisors LLC bought a new stake in Nasdaq in the 1st quarter worth $26,000. 72.47% of the stock is owned by institutional investors.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.