Nasdaq (NASDAQ:NDAQ) Rating Increased to Hold at StockNews.com

Nasdaq (NASDAQ:NDAQ) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

NDAQ has been the topic of several other reports. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research report on Monday, October 14th. TD Cowen dropped their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Piper Sandler upped their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, UBS Group upped their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.33.

Nasdaq Trading Up 0.7 %

Shares of Nasdaq stock traded up $0.51 on Friday, reaching $78.69. 2,246,974 shares of the company were exchanged, compared to its average volume of 2,658,679. The stock has a fifty day moving average price of $73.49 and a 200-day moving average price of $66.59. The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a fifty-two week low of $51.30 and a fifty-two week high of $79.73.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, analysts expect that Nasdaq will post 2.78 EPS for the current year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock valued at $2,860,902 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Institutional Trading of Nasdaq

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Nasdaq by 312.0% in the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock worth $11,601,000 after acquiring an additional 139,228 shares during the period. Quantbot Technologies LP lifted its position in shares of Nasdaq by 237.3% in the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock worth $1,946,000 after acquiring an additional 21,699 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Nasdaq by 12.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after acquiring an additional 57,900 shares during the period. Swedbank AB bought a new stake in shares of Nasdaq in the 1st quarter worth approximately $2,595,000. Finally, Blair William & Co. IL lifted its position in shares of Nasdaq by 55.8% in the 1st quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock worth $1,743,000 after acquiring an additional 9,894 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.