Zacks Research Has Pessimistic Outlook of Nasdaq Q4 Earnings

Nasdaq, Inc. (NASDAQ:NDAQ) – Research analysts at Zacks Research reduced their Q4 2024 earnings estimates for Nasdaq in a research note issued to investors on Thursday, November 14th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings per share of $0.72 for the quarter, down from their prior forecast of $0.73. The consensus estimate for Nasdaq’s current full-year earnings is $2.78 per share. Zacks Research also issued estimates for Nasdaq’s Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.08 EPS, Q1 2026 earnings at $0.83 EPS, Q2 2026 earnings at $0.89 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.54 EPS.

Several other research analysts also recently commented on the company. Barclays raised their target price on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group raised their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. TD Cowen decreased their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a research note on Monday, October 14th. Finally, Argus boosted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Trading Up 0.9 %

NASDAQ:NDAQ opened at $78.76 on Monday. The company has a market cap of $45.27 billion, a P/E ratio of 47.16, a P/E/G ratio of 3.07 and a beta of 0.95. Nasdaq has a 1 year low of $53.36 and a 1 year high of $80.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $74.28 and its two-hundred day moving average price is $67.46.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $0.71 EPS. Nasdaq’s revenue was up 21.9% compared to the same quarter last year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is currently 57.49%.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 215,563 shares in the company, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,384 shares of company stock valued at $2,860,902. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NDAQ. Geode Capital Management LLC boosted its position in Nasdaq by 9.5% during the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after buying an additional 932,665 shares during the period. M&T Bank Corp raised its stake in shares of Nasdaq by 17.2% during the third quarter. M&T Bank Corp now owns 50,054 shares of the financial services provider’s stock valued at $3,654,000 after acquiring an additional 7,354 shares during the last quarter. Barclays PLC boosted its holdings in shares of Nasdaq by 48.9% during the third quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock worth $111,325,000 after purchasing an additional 500,418 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Nasdaq by 5.2% in the third quarter. Public Employees Retirement System of Ohio now owns 193,315 shares of the financial services provider’s stock worth $14,114,000 after purchasing an additional 9,541 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after purchasing an additional 54,594 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

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.