Nasdaq (NASDAQ:NDAQ) Price Target Increased to $245.00 by Analysts at Morgan Stanley

Nasdaq (NASDAQ:NDAQGet Rating) had its price target lifted by research analysts at Morgan Stanley from $238.00 to $245.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 36.07% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a research report on Sunday, April 3rd. The Goldman Sachs Group cut shares of Nasdaq from a “neutral” rating to a “sell” rating and set a $190.00 target price on the stock. in a research note on Tuesday, January 4th. Rosenblatt Securities reduced their target price on shares of Nasdaq from $218.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, March 8th. Argus upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Monday, February 7th. Finally, Credit Suisse Group assumed coverage on shares of Nasdaq in a report on Tuesday, February 15th. They issued an “outperform” rating and a $225.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Buy” and an average target price of $205.87.

NASDAQ:NDAQ opened at $180.06 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average price is $175.01 and its 200-day moving average price is $190.67. Nasdaq has a 1-year low of $155.77 and a 1-year high of $214.96. The firm has a market capitalization of $29.60 billion, a P/E ratio of 25.54, a PEG ratio of 1.90 and a beta of 0.90.

Nasdaq (NASDAQ:NDAQGet Rating) last announced its quarterly earnings results on Wednesday, January 26th. The financial services provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $885.00 million for the quarter, compared to the consensus estimate of $866.46 million. Nasdaq had a return on equity of 19.78% and a net margin of 20.14%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS. Equities analysts anticipate that Nasdaq will post 7.92 EPS for the current fiscal year.

In other Nasdaq news, EVP Lauren B. Dillard sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $180.00, for a total transaction of $450,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The shares were sold at an average price of $163.79, for a total transaction of $1,228,425.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,865 shares of company stock valued at $1,845,673. 0.60% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Ellevest Inc. grew its stake in shares of Nasdaq by 69.8% in the fourth quarter. Ellevest Inc. now owns 146 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 60 shares in the last quarter. Whittier Trust Co. grew its stake in Nasdaq by 85.1% during the 4th quarter. Whittier Trust Co. now owns 174 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 80 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in Nasdaq during the 4th quarter worth about $37,000. PrairieView Partners LLC acquired a new stake in Nasdaq in the 4th quarter valued at about $43,000. Finally, Quent Capital LLC purchased a new position in shares of Nasdaq in the 4th quarter valued at about $48,000. Institutional investors own 71.78% of the company’s stock.

About Nasdaq (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.

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