Nasdaq's (NDAQ) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• Nasdaq's stock has had its "buy (B-)" rating reaffirmed by Weiss Ratings, highlighting ongoing confidence in the company's performance.
• Multiple analysts have set target prices for Nasdaq shares, with Keefe Bruyette & Woods increasing their target from $103.00 to $104.00, while Barclays adjusted theirs slightly down to $108.00.
• Nasdaq's stock recently traded at $89.88, reflecting an increase of 0.5%, alongside promising quarterly earnings that exceeded analyst expectations.

Nasdaq (NASDAQ:NDAQ - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

A number of other analysts have also issued reports on the company. Keefe, Bruyette & Woods raised their target price on Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Oppenheimer reaffirmed an "outperform" rating and issued a $101.00 target price (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Barclays reaffirmed an "overweight" rating and issued a $108.00 target price (down previously from $109.00) on shares of Nasdaq in a report on Wednesday, October 8th. Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, Morgan Stanley set a $90.00 target price on Nasdaq and gave the company an "equal weight" rating in a report on Wednesday, October 1st. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.50.

Nasdaq Stock Up 0.5%

Shares of NASDAQ NDAQ traded up $0.49 during mid-day trading on Tuesday, reaching $89.88. 1,016,499 shares of the company traded hands, compared to its average volume of 3,360,860. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $51.57 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. The company's fifty day moving average is $92.53 and its two-hundred day moving average is $86.11. Nasdaq has a fifty-two week low of $64.84 and a fifty-two week high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, analysts expect that Nasdaq will post 3.18 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the sale, the executive vice president owned 92,551 shares of the company's stock, valued at $8,837,694.99. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the sale, the senior vice president directly owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of Nasdaq

Several institutional investors have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC boosted its stake in Nasdaq by 2.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider's stock valued at $441,000 after buying an additional 110 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in Nasdaq by 0.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider's stock valued at $2,339,000 after buying an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake 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 valued at $25,000 after buying an additional 120 shares in the last quarter. Fielder Capital Group LLC boosted its stake in Nasdaq by 3.0% in the 2nd quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider's stock valued at $380,000 after buying an additional 122 shares in the last quarter. Finally, Freedom Investment Management Inc. boosted its stake in Nasdaq by 2.3% in the 2nd quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider's stock valued at $508,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds 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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