Nasdaq (NASDAQ:NDAQ) Stock Rating Lowered by Zacks Research

Nasdaq (NASDAQ:NDAQ) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other equities research analysts have also commented on NDAQ. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Morgan Stanley restated an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a report on Friday, July 24th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Finally, TD Cowen reiterated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $110.30.

Nasdaq Stock Down 0.2%

NDAQ stock opened at $94.50 on Monday. Nasdaq has a 12 month low of $76.55 and a 12 month high of $101.79. The stock has a market capitalization of $52.82 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $94.83 and a 200-day moving average price of $89.74.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $0.85 EPS. Nasdaq’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Nasdaq will post 4.15 EPS for the current fiscal year.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 1,125 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.22, for a total value of $105,997.50. Following the completion of the sale, the executive vice president directly owned 101,198 shares of the company’s stock, valued at $9,534,875.56. The trade was a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 42,922 shares of company stock valued at $4,032,316 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Nasdaq

Several hedge funds have recently bought and sold shares of NDAQ. Fiduciary Financial Advisors bought a new position in shares of Nasdaq in the second quarter valued at $25,000. MV Capital Management Inc. bought a new stake in shares of Nasdaq during the fourth quarter worth about $28,000. Nemes Rush Group LLC acquired a new stake in shares of Nasdaq in the 4th quarter worth about $35,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Nasdaq in the 4th quarter worth about $37,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Nasdaq in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq’s businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.