Oppenheimer Lowers Nasdaq (NASDAQ:NDAQ) Price Target to $85.00

Nasdaq (NASDAQ:NDAQ) had its price objective lowered by Oppenheimer from $89.00 to $85.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price target points to a potential upside of 18.83% from the company’s previous close.

NDAQ has been the subject of several other research reports. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a report on Thursday. Citigroup dropped their price target on Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley downgraded shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price objective for the company. in a research report on Tuesday, April 8th. Barclays decreased their price target on shares of Nasdaq from $95.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, Raymond James lifted their price objective on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.63.

Nasdaq Trading Up 1.7 %

NDAQ opened at $71.53 on Friday. The firm has a market cap of $41.14 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm’s fifty day moving average is $76.80 and its two-hundred day moving average is $77.42. Nasdaq has a twelve month low of $58.10 and a twelve month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts anticipate that Nasdaq will post 3.18 EPS for the current year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new position in shares of Nasdaq during the 4th quarter valued at about $26,000. Founders Capital Management purchased a new position in shares of Nasdaq in the fourth quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in shares of Nasdaq in the fourth quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its holdings in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Nasdaq in the 4th quarter valued at approximately $37,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.