Nasdaq (NASDAQ:NDAQ) PT Set at $96.00 by Oppenheimer

Nasdaq (NASDAQ:NDAQ) has been given a $96.00 price target by analysts at Oppenheimer in a report released on Tuesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price objective indicates a potential upside of 11.15% from the company’s current price.

A number of other analysts have also weighed in on NDAQ. UBS Group restated a “cautious” rating on shares of Nasdaq in a report on Monday, April 28th. Citigroup lowered their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Morgan Stanley lowered Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a report on Tuesday, April 8th. Finally, Barclays lowered their target price on Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.19.

Nasdaq Trading Up 0.5%

Shares of NASDAQ NDAQ opened at $86.37 on Tuesday. Nasdaq has a 1-year low of $58.35 and a 1-year high of $87.50. The business’s 50 day moving average is $79.69 and its two-hundred day moving average is $78.70. The stock has a market capitalization of $49.59 billion, a P/E ratio of 39.26, a PEG ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. As a group, research analysts expect that Nasdaq will post 3.18 EPS for the current year.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the company’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the completion of the sale, the insider now directly owns 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Nasdaq

Several hedge funds have recently modified their holdings of the company. Allworth Financial LP raised its holdings in Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 141 shares during the period. Vestcor Inc raised its holdings in Nasdaq by 1.6% in the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 141 shares during the period. Sax Wealth Advisors LLC raised its holdings in Nasdaq by 0.5% in the 1st quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider’s stock worth $2,282,000 after purchasing an additional 144 shares during the period. Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 152 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC raised its holdings in Nasdaq by 1.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider’s stock worth $1,260,000 after purchasing an additional 157 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Company Profile

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.