Nasdaq (NASDAQ:NDAQ) had its target price cut by Deutsche Bank from $103.00 to $97.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price target indicates a potential upside of 21.22% from the stock’s previous close.

NDAQ has been the topic of several other reports. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 price objective on the stock in a research report on Tuesday, September 25th. UBS Group boosted their price objective on shares of Nasdaq from $101.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Nasdaq in a research report on Friday, July 13th. Raymond James boosted their price objective on shares of Nasdaq from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Finally, BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Nasdaq has an average rating of “Hold” and an average target price of $94.71.

NDAQ opened at $80.02 on Thursday. The firm has a market capitalization of $14.11 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.86 and a beta of 0.65. Nasdaq has a 12 month low of $71.65 and a 12 month high of $96.84. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.56.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.17 by $0.01. The business had revenue of $615.00 million for the quarter, compared to analysts’ expectations of $620.25 million. Nasdaq had a net margin of 18.13% and a return on equity of 13.40%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 EPS. As a group, equities analysts forecast that Nasdaq will post 4.82 EPS for the current year.

In other Nasdaq news, insider Bradley J. Peterson sold 1,500 shares of Nasdaq stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $93.34, for a total value of $140,010.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc increased its stake in Nasdaq by 4.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,547 shares of the financial services provider’s stock valued at $1,145,000 after buying an additional 553 shares during the last quarter. Amalgamated Bank increased its stake in shares of Nasdaq by 6.0% during the 2nd quarter. Amalgamated Bank now owns 15,065 shares of the financial services provider’s stock worth $1,375,000 after purchasing an additional 852 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Nasdaq by 98.6% during the 2nd quarter. Janus Henderson Group PLC now owns 612,338 shares of the financial services provider’s stock worth $55,888,000 after purchasing an additional 304,083 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Nasdaq by 31.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 2,035 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Nasdaq by 2.2% during the 2nd quarter. BlackRock Inc. now owns 8,262,515 shares of the financial services provider’s stock worth $754,118,000 after purchasing an additional 176,258 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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