Nasdaq (NDAQ) Rating Increased to Hold at BidaskClub
Nasdaq (NASDAQ:NDAQ) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
Several other equities analysts have also recently commented on the company. ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. UBS Group restated a “buy” rating and set a $89.00 target price (up from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. Barclays reduced their target price on Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. Citigroup boosted their target price on Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $78.67.
Nasdaq (NASDAQ NDAQ) traded up $0.52 during trading on Friday, reaching $79.21. The company had a trading volume of 933,500 shares, compared to its average volume of 1,014,250. Nasdaq has a twelve month low of $65.98 and a twelve month high of $80.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $13,166.79, a PE ratio of 52.11, a price-to-earnings-growth ratio of 2.06 and a beta of 0.79.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The business had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. equities research analysts predict that Nasdaq will post 4.18 EPS for the current year.
In other news, insider Pc Nelson Griggs sold 1,396 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $74.72, for a total value of $104,309.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Nasdaq by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after acquiring an additional 208,253 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock valued at $186,204,000 after acquiring an additional 67,975 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Nasdaq by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock valued at $171,614,000 after acquiring an additional 151,864 shares during the last quarter. BT Investment Management Ltd bought a new stake in shares of Nasdaq in the 2nd quarter valued at about $97,982,000. Finally, Frontier Capital Management Co. LLC lifted its stake in shares of Nasdaq by 1.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock valued at $96,957,000 after acquiring an additional 16,264 shares during the last quarter. Hedge funds and other institutional investors own 75.74% of the company’s stock.
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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.
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