Nasdaq (NASDAQ:NDAQ) Price Target Raised to $87.00 at Barclays

Nasdaq (NASDAQ:NDAQ) had its price objective upped by stock analysts at Barclays from $84.00 to $87.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 16.81% from the company’s previous close.

Several other research firms also recently commented on NDAQ. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Piper Sandler lifted their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. TD Cowen initiated coverage on Nasdaq in a research report on Thursday, September 26th. They set a “hold” rating and a $83.00 target price on the stock. Finally, Oppenheimer increased their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $79.47.

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded down $0.76 during midday trading on Friday, reaching $74.48. 1,088,984 shares of the stock traded hands, compared to its average volume of 2,891,410. The company’s 50 day moving average is $72.46 and its 200 day moving average is $65.60. Nasdaq has a one year low of $47.56 and a one year high of $75.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $42.90 billion, a PE ratio of 42.74, a P/E/G ratio of 3.09 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $0.71 earnings per share. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts anticipate that Nasdaq will post 2.75 earnings per share for the current year.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd raised its stake in Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq in the second quarter worth about $26,000. Claro Advisors LLC acquired a new position in Nasdaq during the third quarter worth about $33,000. LRI Investments LLC purchased a new stake in Nasdaq during the 1st quarter valued at about $31,000. Finally, Crewe Advisors LLC grew its stake in Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

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.