Nasdaq (NASDAQ:NDAQ) PT Lowered to $207.00

Nasdaq (NASDAQ:NDAQGet Rating) had its price target lowered by investment analysts at Deutsche Bank Aktiengesellschaft from $210.00 to $207.00 in a report released on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 19.78% from the stock’s current price.

NDAQ has been the topic of several other research reports. Bank of America lifted their price target on shares of Nasdaq from $262.00 to $277.00 and gave the company a “buy” rating in a report on Thursday, January 27th. Credit Suisse Group initiated coverage on shares of Nasdaq in a report on Tuesday, February 15th. They issued an “outperform” rating and a $225.00 price target on the stock. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. Rosenblatt Securities cut their price target on shares of Nasdaq from $200.00 to $199.00 and set a “neutral” rating on the stock in a report on Thursday, April 14th. Finally, UBS Group cut their price target on shares of Nasdaq from $238.00 to $225.00 and set a “buy” rating on the stock in a 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $208.57.

Shares of Nasdaq stock opened at $172.81 on Thursday. 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. The stock has a market capitalization of $28.41 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 1.87 and a beta of 0.90. The company’s 50 day moving average price is $175.02 and its 200-day moving average price is $190.06.

Nasdaq (NASDAQ:NDAQGet Rating) last issued its earnings results on Wednesday, April 20th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Nasdaq had a net margin of 20.14% and a return on equity of 19.78%. The firm had revenue of $892.00 million for the quarter, compared to analysts’ expectations of $892.18 million. During the same quarter last year, the business earned $1.96 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts forecast that Nasdaq will post 7.92 earnings per share for the current fiscal year.

In other Nasdaq news, EVP Bradley J. Peterson sold 7,500 shares of the business’s stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $163.79, for a total value of $1,228,425.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $450,000.00. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Nasdaq by 4.4% during the 4th quarter. BlackRock Inc. now owns 8,546,784 shares of the financial services provider’s stock worth $1,794,911,000 after acquiring an additional 362,632 shares in the last quarter. State Street Corp boosted its stake in Nasdaq by 1.3% during the fourth quarter. State Street Corp now owns 5,510,143 shares of the financial services provider’s stock worth $1,157,185,000 after buying an additional 72,611 shares during the last quarter. Geode Capital Management LLC boosted its stake in Nasdaq by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,462,659 shares of the financial services provider’s stock worth $516,168,000 after buying an additional 20,527 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Nasdaq by 14.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,595,414 shares of the financial services provider’s stock valued at $335,058,000 after purchasing an additional 197,553 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in Nasdaq by 46.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,551,748 shares of the financial services provider’s stock valued at $325,883,000 after purchasing an additional 495,357 shares during the period. Institutional investors and hedge funds 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.

Featured Articles

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.