Nasdaq (NDAQ) Rating Increased to Hold at BidaskClub
Nasdaq (NASDAQ:NDAQ) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
A number of other research analysts have also commented on NDAQ. Royal Bank of Canada set a $78.00 price target on Nasdaq and gave the company a “hold” rating in a research report on Monday, October 16th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. UBS Group reaffirmed a “buy” rating and set a $89.00 price target (up previously from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. Finally, Barclays lowered their price target on Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $78.67.
Nasdaq (NDAQ) traded up $0.52 during midday trading on Friday, hitting $79.21. The stock had a trading volume of 933,500 shares, compared to its average volume of 1,014,250. Nasdaq has a 12 month low of $65.98 and a 12 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 company has a market cap of $13,166.79, a price-to-earnings ratio of 52.11, a PEG ratio of 2.06 and a beta of 0.79.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. During the same quarter in the previous year, the company posted $0.91 EPS. Nasdaq’s revenue for the quarter was up 3.8% on a year-over-year basis. sell-side analysts anticipate that Nasdaq will post 4.18 earnings per share for the current year.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $76.58, for a total value of $158,061.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.
Large investors have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS raised its position in shares of Nasdaq by 2.7% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock worth $25,969,000 after acquiring an additional 8,695 shares in the last quarter. M&T Bank Corp raised its position in shares of Nasdaq by 2.9% in the 2nd quarter. M&T Bank Corp now owns 15,246 shares of the financial services provider’s stock worth $1,090,000 after acquiring an additional 431 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of Nasdaq by 67.5% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 95,500 shares of the financial services provider’s stock worth $6,827,000 after acquiring an additional 38,500 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Nasdaq by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 404,761 shares of the financial services provider’s stock worth $28,936,000 after acquiring an additional 5,861 shares in the last quarter. Finally, Sapience Investments LLC bought a new position in shares of Nasdaq in the 2nd quarter worth approximately $1,358,000. 75.74% of the stock is owned by hedge funds and other institutional investors.
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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