Nasdaq (NASDAQ:NDAQ) Stock Price Expected to Rise, UBS Group Analyst Says

Nasdaq (NASDAQ:NDAQ) had its target price raised by equities researchers at UBS Group from $79.00 to $89.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target suggests a potential upside of 8.17% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Piper Sandler upped their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Barclays lowered their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

NDAQ stock traded up $0.55 during mid-day trading on Thursday, hitting $82.28. The company had a trading volume of 2,948,802 shares, compared to its average volume of 2,853,899. Nasdaq has a 12 month low of $54.90 and a 12 month high of $83.77. The firm has a market cap of $47.29 billion, a PE ratio of 49.27, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average price is $79.50 and its two-hundred day moving average price is $74.51.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. On average, analysts forecast that Nasdaq will post 2.81 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares in the company, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,817 shares of company stock valued at $2,330,033. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 141 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in shares of Nasdaq by 3.9% during the 4th quarter. Everhart Financial Group Inc. now owns 6,273 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 234 shares in the last quarter. Montag A & Associates Inc. raised its stake in shares of Nasdaq by 8.0% in the 4th quarter. Montag A & Associates Inc. now owns 62,582 shares of the financial services provider’s stock valued at $4,838,000 after acquiring an additional 4,619 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in Nasdaq by 3.0% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 1,019,333 shares of the financial services provider’s stock valued at $78,805,000 after buying an additional 29,268 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Nasdaq by 6.4% in the 4th quarter. V Square Quantitative Management LLC now owns 13,151 shares of the financial services provider’s stock worth $1,017,000 after acquiring an additional 788 shares during the period. Hedge funds and other 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.