Nasdaq (NASDAQ:NDAQ) Price Target Raised to $86.00 at Morgan Stanley

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its target price raised by analysts at Morgan Stanley from $75.00 to $86.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's target price would indicate a potential downside of 3.77% from the company's current price.

Several other brokerages have also issued reports on NDAQ. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. UBS Group lifted their target price on shares of Nasdaq from $82.00 to $95.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Bank of America raised their price target on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Five 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, Nasdaq presently has a consensus rating of "Moderate Buy" and an average target price of $92.63.

Nasdaq Stock Performance

NDAQ stock traded down $0.58 during midday trading on Tuesday, hitting $89.37. 7,136,310 shares of the stock traded hands, compared to its average volume of 3,095,714. The firm has a market cap of $51.31 billion, a P/E ratio of 40.62, a PEG ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The stock's fifty day simple moving average is $85.71 and its 200-day simple moving average is $80.04. Nasdaq has a 1-year low of $62.21 and a 1-year high of $90.84.

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

Insider Activity

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

Institutional Trading of Nasdaq

Large investors have recently made changes to their positions in the business. Grove Bank & Trust boosted its holdings in Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 216 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 120 shares during the last quarter. Highline Wealth Partners LLC boosted its holdings in Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 317 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Nasdaq in the first quarter valued at about $26,000. Finally, First Command Advisory Services Inc. acquired a new position in Nasdaq in the first quarter valued at about $30,000. Institutional investors own 72.47% of the company's stock.

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.