Nasdaq (NASDAQ:NDAQ) Stock Price Expected to Rise, UBS Group Analyst Says

Nasdaq (NASDAQ:NDAQ) had its price objective raised by research analysts at UBS Group from $82.00 to $95.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential upside of 6.25% from the stock’s current price.

Other research analysts have also issued reports about the company. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $87.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Piper Sandler increased their price objective on Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Oppenheimer set a $96.00 price objective on Nasdaq and gave the stock an “outperform” rating in a research note on Tuesday, June 17th. Finally, Redburn Atlantic upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.69.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $89.41 on Thursday. The business has a fifty day simple moving average of $84.84 and a 200 day simple moving average of $79.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $51.33 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.24 and a beta of 1.01. Nasdaq has a one year low of $62.14 and a one year high of $90.84.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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%. Nasdaq’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. Sell-side analysts expect that Nasdaq will post 3.18 EPS for the current year.

Insider Activity

In other news, EVP Bradley J. Peterson sold 11,508 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the sale, the executive vice president directly owned 111,035 shares in the company, valued at approximately $9,867,680.45. This trade represents a 9.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the completion of the sale, the executive vice president owned 94,656 shares of the company’s stock, valued at approximately $8,440,475.52. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,613 shares of company stock worth $1,874,659. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nasdaq

Several hedge funds have recently added to or reduced their stakes in NDAQ. Proficio Capital Partners LLC bought a new position in Nasdaq in the fourth quarter valued at about $8,791,000. Larson Financial Group LLC boosted its holdings in Nasdaq by 65.4% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 242 shares during the last quarter. Independent Advisor Alliance boosted its holdings in Nasdaq by 31.6% in the fourth quarter. Independent Advisor Alliance now owns 4,488 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 1,078 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Nasdaq by 3.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 52,724 shares of the financial services provider’s stock valued at $4,076,000 after acquiring an additional 1,862 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Nasdaq by 72.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,706 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 1,562 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

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.