Weekly Research Analysts’ Ratings Updates for Nasdaq (NDAQ)

Several analysts have recently updated their ratings and price targets for Nasdaq (NASDAQ: NDAQ):

• 4/11/2024 – Nasdaq is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $76.00 price target on the stock.
• 4/9/2024 – Nasdaq was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $80.00 price target on the stock, up previously from $59.00.
• 4/3/2024 – Nasdaq is now covered by analysts at Edward Jones. They set a “buy” rating on the stock.
• 3/27/2024 – Nasdaq was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/26/2024 – Nasdaq was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $73.00 price target on the stock.

Nasdaq Stock Down 0.7 %

Shares of NASDAQ:NDAQ traded down $0.44 during midday trading on Thursday, reaching $62.57. 696,736 shares of the company were exchanged, compared to its average volume of 3,089,734. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $58.86 and a two-hundred day simple moving average of $55.50. The firm has a market cap of $35.99 billion, a PE ratio of 29.65, a P/E/G ratio of 2.93 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $0.64 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a yield of 1.41%. Nasdaq’s payout ratio is currently 41.71%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ridgewood Investments LLC grew its stake in Nasdaq by 1.1% in the 1st quarter. Ridgewood Investments LLC now owns 26,134 shares of the financial services provider’s stock valued at $1,649,000 after buying an additional 274 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of Nasdaq by 21.0% during the first quarter. Banque Cantonale Vaudoise now owns 50,666 shares of the financial services provider’s stock worth $3,197,000 after purchasing an additional 8,796 shares during the period. Czech National Bank lifted its holdings in Nasdaq by 12.2% during the 1st quarter. Czech National Bank now owns 66,869 shares of the financial services provider’s stock worth $4,219,000 after purchasing an additional 7,249 shares during the last quarter. GAMMA Investing LLC boosted its stake in Nasdaq by 11.1% in the 1st quarter. GAMMA Investing LLC now owns 9,290 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 925 shares during the period. Finally, Nomura Holdings Inc. grew its holdings in Nasdaq by 51.3% in the 4th quarter. Nomura Holdings Inc. now owns 6,868 shares of the financial services provider’s stock valued at $399,000 after buying an additional 2,328 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.