Nasdaq (NASDAQ:NDAQ) Price Target Raised to $105.00 at Bank of America

Nasdaq (NASDAQ:NDAQ) had its price target hoisted by equities research analysts at Bank of America from $103.00 to $105.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price target indicates a potential upside of 42.30% from the company’s current price.

A number of other brokerages have also issued reports on NDAQ. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. Citigroup raised their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.94.

Nasdaq Trading Down 5.8 %

Nasdaq stock opened at $73.79 on Wednesday. The company has a 50 day moving average price of $78.79 and a 200 day moving average price of $77.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq has a 52 week low of $58.10 and a 52 week high of $84.15. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Research analysts forecast that Nasdaq will post 3.18 EPS for the current year.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. acquired a new position in Nasdaq in the fourth quarter worth about $26,000. Founders Capital Management acquired a new stake in Nasdaq in the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new stake in Nasdaq in the fourth quarter valued at $33,000. Raleigh Capital Management Inc. raised its stake in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Nasdaq during the fourth quarter valued at $37,000. 72.47% of the stock is owned by 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.