Nasdaq (NASDAQ:NDAQ) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank Aktiengesellschaft raised its price target for Nasdaq (NDAQ) from $97.00 to $105.00, indicating a potential upside of 12.30% from the current prices.
• Nasdaq recently reported a quarterly EPS of $0.85, exceeding the consensus estimate of $0.78, with revenue increasing by 12.7% year-over-year.
• Overall, thirteen analysts have assigned a "buy" rating to Nasdaq, showcasing strong institutional interest with 72.47% of the stock held by institutional investors.

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its price objective increased by analysts at Deutsche Bank Aktiengesellschaft from $97.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 12.30% from the stock's current price.

Several other research firms have also weighed in on NDAQ. Bank of America lifted their price target on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Raymond James Financial restated an "outperform" rating and set a $96.00 price target (up from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a research report on Thursday, April 17th. Citigroup restated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Finally, Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and a consensus target price of $93.06.

Nasdaq Trading Up 5.9%

NASDAQ NDAQ opened at $93.50 on Friday. The firm has a market capitalization of $53.68 billion, a P/E ratio of 42.50, a PEG ratio of 2.12 and a beta of 1.01. The business has a fifty day simple moving average of $86.62 and a 200 day simple moving average of $80.47. Nasdaq has a 12 month low of $64.33 and a 12 month high of $95.49. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The firm's revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. On average, analysts predict that Nasdaq will post 3.18 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the company'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 value of $187,702.85. Following the sale, the executive vice president owned 94,656 shares in the company, valued at $8,440,475.52. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the transaction, the insider owned 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,613 shares of company stock worth $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 modified their holdings of the business. LPL Financial LLC boosted its holdings in shares of Nasdaq by 17.9% during the 4th quarter. LPL Financial LLC now owns 441,271 shares of the financial services provider's stock valued at $34,115,000 after acquiring an additional 66,968 shares in the last quarter. Congress Wealth Management LLC DE grew its holdings in shares of Nasdaq by 3.8% during the fourth quarter. Congress Wealth Management LLC DE now owns 7,464 shares of the financial services provider's stock worth $577,000 after purchasing an additional 270 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Nasdaq in the fourth quarter valued at approximately $43,000. Korea Investment CORP raised its holdings in Nasdaq by 10.9% in the 4th quarter. Korea Investment CORP now owns 297,577 shares of the financial services provider's stock valued at $23,006,000 after buying an additional 29,257 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Nasdaq by 14.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 682,229 shares of the financial services provider's stock worth $53,364,000 after buying an additional 87,096 shares during the period. Institutional investors own 72.47% of the company's stock.

Nasdaq Company Profile

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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