Nasdaq (NASDAQ:NDAQ - Get Free Report) had its price target lifted by equities research analysts at UBS Group from $82.00 to $95.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. UBS Group's price objective suggests a potential upside of 6.25% from the company's current price.
Other equities analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a report on Tuesday, April 8th. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research report on Wednesday. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.69.
Read Our Latest Stock Analysis on Nasdaq
Nasdaq Trading Down 1.5%
NASDAQ:NDAQ traded down $1.32 during mid-day trading on Thursday, hitting $89.41. 2,433,101 shares of the stock traded hands, compared to its average volume of 3,079,179. The stock has a market capitalization of $51.33 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.24 and a beta of 1.01. Nasdaq has a 52 week low of $62.14 and a 52 week high of $90.84. The firm's 50 day moving average is $84.84 and its two-hundred day moving average is $79.74. 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 issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The firm's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS. On average, equities research analysts predict that Nasdaq will post 3.18 earnings per share for the current year.
Insider Buying and Selling
In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the transaction, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This trade represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider directly owned 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,613 shares of company stock valued at $1,874,659. Corporate insiders own 0.70% of the company's stock.
Hedge Funds Weigh In On Nasdaq
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NDAQ. Grove Bank & Trust lifted its holdings in Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 216 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Rakuten Securities Inc. purchased a new position in Nasdaq during the fourth quarter valued at $26,000. Highline Wealth Partners LLC lifted its holdings in Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Nasdaq during the first quarter valued at $26,000. 72.47% of the stock is owned by hedge funds and other institutional investors.
About Nasdaq
(
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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.
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