Nasdaq, Inc. (NDAQ) Earns “Hold” Rating from Jefferies Group LLC
Nasdaq, Inc. (NASDAQ:NDAQ)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a report issued on Monday. They currently have a $71.00 price target on the financial services provider’s stock, up from their prior price target of $68.00. Jefferies Group LLC’s target price would suggest a potential downside of 0.08% from the company’s previous close.
A number of other research firms have also commented on NDAQ. Deutsche Bank AG reiterated a “buy” rating and set a $77.00 price objective (down previously from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. BidaskClub lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Citigroup Inc. started coverage on shares of Nasdaq in a research note on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective on the stock. Royal Bank Of Canada raised their price objective on shares of Nasdaq from $70.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $74.00.
Shares of Nasdaq (NASDAQ:NDAQ) traded up 0.76% during midday trading on Monday, hitting $71.60. The stock had a trading volume of 164,140 shares. The firm has a 50 day moving average of $69.05 and a 200-day moving average of $69.14. The company has a market cap of $11.83 billion, a P/E ratio of 83.45 and a beta of 0.75. Nasdaq has a one year low of $63.30 and a one year high of $72.52.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The business had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts forecast that Nasdaq will post $4.11 earnings per share for the current fiscal year.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total value of $683,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased its stake in Nasdaq by 507.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 18,781 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 15,690 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in Nasdaq by 26,658.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock worth $84,227,000 after buying an additional 1,173,778 shares during the last quarter. Bank of Montreal Can increased its stake in Nasdaq by 163.5% in the second quarter. Bank of Montreal Can now owns 195,050 shares of the financial services provider’s stock worth $13,944,000 after buying an additional 121,019 shares during the last quarter. Atria Investments LLC bought a new stake in Nasdaq during the second quarter worth about $392,000. Finally, Xact Kapitalforvaltning AB increased its stake in Nasdaq by 17.9% in the second quarter. Xact Kapitalforvaltning AB now owns 34,568 shares of the financial services provider’s stock worth $2,471,000 after buying an additional 5,246 shares during the last quarter. Institutional investors own 74.67% of the company’s stock.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.