Nasdaq (NASDAQ:NDAQ) Price Target Cut to $74.00

Nasdaq (NASDAQ:NDAQ) had its price objective cut by analysts at Keefe, Bruyette & Woods from $75.00 to $74.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 23.09% from the company’s previous close.

A number of other research firms have also recently commented on NDAQ. Edward Jones began coverage on Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. Rosenblatt Securities cut their target price on Nasdaq from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup lifted their target price on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Oppenheimer lifted their target price on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.92.

Nasdaq Stock Down 0.3 %

Nasdaq stock opened at $60.12 on Friday. Nasdaq has a 1-year low of $46.88 and a 1-year high of $64.25. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 1.01. The stock has a market cap of $34.58 billion, a PE ratio of 31.64, a P/E/G ratio of 2.76 and a beta of 0.93. The stock’s fifty day moving average is $59.93 and its two-hundred day moving average is $56.50.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. On average, sell-side analysts expect that Nasdaq will post 2.71 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NDAQ. Czech National Bank raised its position in shares of Nasdaq by 47.8% during the 3rd quarter. Czech National Bank now owns 59,251 shares of the financial services provider’s stock worth $2,879,000 after purchasing an additional 19,165 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Nasdaq by 9.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 153,984 shares of the financial services provider’s stock valued at $7,482,000 after acquiring an additional 13,899 shares during the last quarter. Ridgewood Investments LLC raised its holdings in Nasdaq by 10.3% in the 3rd quarter. Ridgewood Investments LLC now owns 25,743 shares of the financial services provider’s stock valued at $1,251,000 after acquiring an additional 2,403 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Nasdaq by 14.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 79,454 shares of the financial services provider’s stock valued at $3,861,000 after acquiring an additional 10,125 shares during the last quarter. Finally, Accurate Wealth Management LLC raised its holdings in Nasdaq by 2.4% in the 3rd quarter. Accurate Wealth Management LLC now owns 44,256 shares of the financial services provider’s stock valued at $2,210,000 after acquiring an additional 1,045 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

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.