Nasdaq (NASDAQ:NDAQ – Get Rating) had its target price reduced by equities researchers at Morgan Stanley from $245.00 to $239.00 in a report released on Thursday, 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 38.30% from the company’s current price.
Other analysts have also issued reports about the company. UBS Group lowered their target price on Nasdaq from $238.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, January 27th. Citigroup decreased their target price on Nasdaq from $188.00 to $184.00 in a research note on Wednesday, April 13th. Argus upgraded Nasdaq from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Monday, February 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Nasdaq from $210.00 to $207.00 in a report on Thursday. Finally, Oppenheimer decreased their target price on Nasdaq from $230.00 to $217.00 and set an “outperform” rating for the company in a research report on Thursday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $208.50.
NDAQ opened at $172.81 on Thursday. The business’s fifty day moving average is $175.02 and its 200-day moving average is $190.06. The firm has a market cap of $28.41 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 1.87 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.94 and a current ratio of 0.94. Nasdaq has a 52-week low of $156.72 and a 52-week high of $214.96.
In other news, EVP Lauren B. Dillard sold 2,500 shares of Nasdaq stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $180.00, for a total value of $450,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 7,500 shares of Nasdaq stock in a transaction dated 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. Insiders own 0.60% of the company’s stock.
Several large investors have recently modified their holdings of NDAQ. Lindbrook Capital LLC grew its position in Nasdaq by 131.1% during the first quarter. Lindbrook Capital LLC now owns 141 shares of the financial services provider’s stock worth $25,000 after buying an additional 80 shares during the period. Riverview Trust Co acquired a new stake in shares of Nasdaq in the 1st quarter worth approximately $30,000. Pallas Capital Advisors LLC grew its holdings in shares of Nasdaq by 16.1% in the 1st quarter. Pallas Capital Advisors LLC now owns 10,216 shares of the financial services provider’s stock worth $1,824,000 after acquiring an additional 1,416 shares during the period. New England Research & Management Inc. acquired a new stake in shares of Nasdaq in the 1st quarter worth approximately $637,000. Finally, Xponance Inc. grew its holdings in shares of Nasdaq by 7.7% in the 1st quarter. Xponance Inc. now owns 11,447 shares of the financial services provider’s stock worth $2,040,000 after acquiring an additional 822 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.
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.
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