Nasdaq (NASDAQ:NDAQ) Price Target Cut to $184.00

Nasdaq (NASDAQ:NDAQGet Rating) had its price objective lowered by stock analysts at Citigroup from $188.00 to $184.00 in a research report issued to clients and investors on Wednesday, April 13th, The Fly reports. Citigroup’s price objective indicates a potential upside of 14.93% from the company’s previous close.

Several other brokerages have also recently issued reports on NDAQ. Morgan Stanley reduced their price objective on Nasdaq from $252.00 to $238.00 and set an “overweight” rating on the stock in a research note on Thursday, January 27th. UBS Group reduced their price objective on Nasdaq from $238.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, January 27th. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Sunday, April 3rd. Rosenblatt Securities cut their target price on Nasdaq from $218.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Nasdaq from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Hold” and a consensus target price of $213.17.

Shares of NDAQ stock traded up $2.26 during mid-day trading on Wednesday, reaching $160.10. 1,454,271 shares of the company were exchanged, compared to its average volume of 959,787. The business’s 50 day simple moving average is $173.28 and its 200 day simple moving average is $187.82. Nasdaq has a fifty-two week low of $153.34 and a fifty-two week high of $214.96. The company has a market capitalization of $26.32 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 0.92.

Nasdaq (NASDAQ:NDAQGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.02. Nasdaq had a return on equity of 20.05% and a net margin of 20.31%. The firm had revenue of $892.00 million for the quarter, compared to analysts’ expectations of $892.18 million. During the same period last year, the business posted $1.96 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts forecast that Nasdaq will post 7.92 EPS for the current year.

In related news, EVP Bradley J. Peterson sold 7,500 shares of Nasdaq stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $163.79, for a total transaction of $1,228,425.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Pc Nelson Griggs sold 500 shares of Nasdaq stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $161.64, for a total value of $80,820.00. Following the transaction, the executive vice president now directly owns 35,086 shares in the company, valued at $5,671,301.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,500 shares of company stock worth $1,759,245. Company insiders own 0.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Nasdaq by 4.4% in the 4th quarter. BlackRock Inc. now owns 8,546,784 shares of the financial services provider’s stock worth $1,794,911,000 after purchasing an additional 362,632 shares in the last quarter. State Street Corp increased its stake in Nasdaq by 1.3% in the 4th quarter. State Street Corp now owns 5,510,143 shares of the financial services provider’s stock worth $1,157,185,000 after purchasing an additional 72,611 shares in the last quarter. Geode Capital Management LLC increased its stake in Nasdaq by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,462,659 shares of the financial services provider’s stock worth $516,168,000 after purchasing an additional 20,527 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Nasdaq by 14.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,595,414 shares of the financial services provider’s stock worth $335,058,000 after purchasing an additional 197,553 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Nasdaq by 0.6% in the 2nd quarter. Bank of America Corp DE now owns 1,554,572 shares of the financial services provider’s stock worth $273,295,000 after purchasing an additional 9,958 shares in the last quarter. 74.91% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Company Profile (Get Rating)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions.

See Also

The Fly logo

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.