Nasdaq (NASDAQ:NDAQ) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Jefferies Group restated a “hold” rating and set a $83.50 target price on shares of Nasdaq in a research note on Tuesday, January 16th. Bank of America cut Nasdaq from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $77.00 to $75.00 in a research note on Monday, October 9th. UBS Group restated a “buy” rating and set a $89.00 target price (up previously from $83.00) on shares of Nasdaq in a research note on Monday, December 11th. Finally, ValuEngine upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $81.23.

Shares of Nasdaq (NDAQ) opened at $80.07 on Friday. The firm has a market capitalization of $13,360.00, a P/E ratio of 53.03, a P/E/G ratio of 1.69 and a beta of 0.79. Nasdaq has a 52 week low of $65.98 and a 52 week high of $82.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. The firm had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. analysts forecast that Nasdaq will post 4.19 EPS for the current year.

In other Nasdaq news, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $80.70, for a total value of $1,546,938.30. Following the completion of the sale, the insider now owns 32,214 shares in the company, valued at $2,599,669.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 1,396 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,629 shares of company stock valued at $1,809,309. 1.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial For Lutherans lifted its stake in Nasdaq by 2.4% in the second quarter. Thrivent Financial For Lutherans now owns 4,330 shares of the financial services provider’s stock valued at $310,000 after buying an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 178 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Nasdaq by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 7,912 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 266 shares during the period. Sentry Investment Management LLC increased its holdings in shares of Nasdaq by 3.8% in the second quarter. Sentry Investment Management LLC now owns 7,500 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 274 shares during the period. Finally, Advisory Services Network LLC increased its holdings in shares of Nasdaq by 10.9% in the second quarter. Advisory Services Network LLC now owns 3,026 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 298 shares during the period. Institutional investors own 75.97% of the company’s stock.

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About Nasdaq

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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