Redburn Partners Initiates Coverage on Nasdaq (NASDAQ:NDAQ)

Investment analysts at Redburn Partners started coverage on shares of Nasdaq (NASDAQ:NDAQGet Rating) in a research report issued on Monday, MarketBeat.com reports. The firm set a “neutral” rating on the financial services provider’s stock.

A number of other brokerages also recently issued reports on NDAQ. StockNews.com initiated coverage on shares of Nasdaq in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley upped their price objective on Nasdaq from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, November 9th. JPMorgan Chase & Co. raised Nasdaq from a “neutral” rating to an “overweight” rating and set a $70.00 target price on the stock in a research report on Thursday, October 6th. Rosenblatt Securities upped their price target on shares of Nasdaq from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 20th. Finally, Credit Suisse Group raised their price objective on shares of Nasdaq from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Hold” and an average price target of $67.44.

Nasdaq Trading Down 1.9 %

NASDAQ:NDAQ opened at $64.79 on Monday. The stock has a market cap of $31.83 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 5.31 and a beta of 0.94. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average price is $60.18 and its 200-day moving average price is $56.42. Nasdaq has a 52 week low of $46.77 and a 52 week high of $71.22.

Nasdaq (NASDAQ:NDAQGet Rating) last issued its earnings results on Wednesday, October 19th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The business had revenue of $890.00 million for the quarter, compared to the consensus estimate of $884.15 million. Nasdaq had a return on equity of 22.08% and a net margin of 18.72%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. On average, equities research analysts forecast that Nasdaq will post 2.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Bradley J. Peterson sold 13,596 shares of Nasdaq stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $65.00, for a total transaction of $883,740.00. Following the sale, the executive vice president now owns 122,169 shares in the company, valued at $7,940,985. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Bradley J. Peterson sold 13,596 shares of Nasdaq stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $65.00, for a total value of $883,740.00. Following the sale, the executive vice president now directly owns 122,169 shares of the company’s stock, valued at $7,940,985. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 700 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $186.13, for a total value of $130,291.00. Following the transaction, the executive vice president now directly owns 20,227 shares of the company’s stock, valued at $3,764,851.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,496 shares of company stock valued at $1,999,057. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC increased its holdings in shares of Nasdaq by 242.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 208,003 shares of the financial services provider’s stock worth $11,791,000 after buying an additional 147,188 shares during the last quarter. Alliancebernstein L.P. raised its position in Nasdaq by 196.6% during the third quarter. Alliancebernstein L.P. now owns 445,205 shares of the financial services provider’s stock valued at $25,234,000 after purchasing an additional 295,121 shares during the period. State Street Corp lifted its stake in shares of Nasdaq by 198.9% in the 3rd quarter. State Street Corp now owns 14,905,982 shares of the financial services provider’s stock valued at $844,871,000 after purchasing an additional 9,918,941 shares during the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of Nasdaq by 200.0% in the 3rd quarter. Dana Investment Advisors Inc. now owns 7,257 shares of the financial services provider’s stock worth $411,000 after purchasing an additional 4,838 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Nasdaq by 211.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 226,124 shares of the financial services provider’s stock valued at $12,817,000 after purchasing an additional 153,536 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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