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

Nasdaq (NASDAQ:NDAQ) had its target price upped by analysts at Barclays from $87.00 to $97.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 20.60% from the stock’s current price.

A number of other research firms have also recently issued reports on NDAQ. Oppenheimer raised their price target on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. TD Cowen reduced their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research note on Tuesday, November 19th. UBS Group increased their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, Argus lifted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.53.

Nasdaq Stock Up 0.9 %

Nasdaq stock opened at $80.43 on Monday. The business has a fifty day moving average price of $77.10 and a 200-day moving average price of $69.84. Nasdaq has a 1-year low of $53.87 and a 1-year high of $83.77. The stock has a market capitalization of $46.23 billion, a price-to-earnings ratio of 48.16, a PEG ratio of 3.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business 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%. The company’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Equities research analysts forecast that Nasdaq will post 2.79 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

Institutional investors have recently bought and sold shares of the company. Citizens Financial Group Inc. RI grew its holdings in shares of Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after buying an additional 137 shares in the last quarter. First Pacific Financial grew its stake in Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 142 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 149 shares during the last quarter. Kentucky Retirement Systems lifted its stake in Nasdaq by 0.5% in the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 154 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Nasdaq by 2.5% during the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 162 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

About Nasdaq

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.