Nasdaq, Inc. (NASDAQ:NDAQ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $103.6667.

A number of equities analysts have recently weighed in on NDAQ shares. Barclays set a $115.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 target price (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. TD Cowen reiterated a “hold” rating on shares of Nasdaq in a report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on Nasdaq from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $113.00 price objective (up previously from $111.00) on shares of Nasdaq in a research report on Thursday, January 15th.

Nasdaq Stock Performance

NDAQ stock opened at $98.78 on Thursday. The firm has a 50 day simple moving average of $94.11 and a 200 day simple moving average of $92.21. Nasdaq has a 52 week low of $64.84 and a 52 week high of $101.79. The stock has a market cap of $56.40 billion, a P/E ratio of 35.28, a P/E/G ratio of 1.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. Research analysts anticipate that Nasdaq will post 3.18 earnings per share for the current fiscal year.

Insider Activity

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This represents a 2.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 306,605 shares of company stock worth $29,546,812. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NDAQ. Front Row Advisors LLC bought a new stake in Nasdaq during the second quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Nasdaq in the second quarter valued at approximately $27,000. Bruce G. Allen Investments LLC lifted its stake in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after buying an additional 120 shares during the last quarter. Tripletail Wealth Management LLC bought a new stake in shares of Nasdaq during the 3rd quarter worth $27,000. Finally, Access Investment Management LLC bought a new stake in shares of Nasdaq during the 2nd quarter worth $28,000. 72.47% of the stock is owned by institutional investors.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.