Nasdaq, Inc. (NASDAQ:NDAQ) Stock Has Average Price Target of $110.30

by · The Cerbat Gem

Shares of Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $110.30.

A number of research analysts recently issued reports on NDAQ shares. TD Cowen reaffirmed a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $120.00 price target on shares of Nasdaq in a report on Friday, July 24th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Finally, Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a report on Monday.

Read Our Latest Report on Nasdaq

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

  • Positive Sentiment: Nasdaq hosted presentations at the Bank of America Financials CEO Conference and the Autonomous Future of Commerce Symposium. The events may provide insight into management’s strategy and growth outlook, although no specific new financial guidance was reported. Bank of America conference transcript Autonomous symposium transcript
  • Neutral Sentiment: Nasdaq reported that short interest across 3,862 Nasdaq Global Market securities declined to 18.12 billion shares as of September 15, from 18.21 billion previously. The days-to-cover ratio edged up to 3.55 days from 3.52 days, indicating little material change in overall market positioning. Nasdaq mid-month short-interest release
  • Neutral Sentiment: Reports listed short interest in Nasdaq, Inc. at zero shares, implying a zero-day days-to-cover ratio. This appears inconsistent with normal market data and may reflect a reporting or data-classification issue rather than a meaningful change in investor sentiment.
  • Negative Sentiment: Zacks Research downgraded Nasdaq, Inc. (NDAQ) from “strong buy” to “hold.” The rating change is the clearest negative catalyst in the latest reports and may pressure the stock by signaling reduced near-term upside.
  • Negative Sentiment: Executive Vice President Jeremy Skule sold 1,125 shares for approximately $106,875 at an average price of $95.00. The sale reduced his direct holdings by 1.11%, a relatively small transaction but a modest negative signal for sentiment. SEC insider transaction filing

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $94.55 on Tuesday. Nasdaq has a 1 year low of $76.55 and a 1 year high of $101.79. The firm has a market cap of $52.85 billion, a P/E ratio of 27.57, a PEG ratio of 1.65 and a beta of 0.97. The stock has a fifty day moving average price of $94.92 and a two-hundred day moving average price of $89.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Research analysts forecast that Nasdaq will post 4.15 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.3%. Nasdaq’s payout ratio is 36.15%.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 1,125 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction of $106,875.00. Following the completion of the sale, the executive vice president directly owned 100,073 shares of the company’s stock, valued at $9,506,935. This trade represents a 1.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley Peterson sold 13,000 shares of Nasdaq stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares in the company, valued at $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 44,047 shares of company stock valued at $4,139,191. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

Several hedge funds have recently modified their holdings of the stock. MV Capital Management Inc. acquired a new stake in Nasdaq during the 4th quarter worth about $28,000. Fiduciary Financial Advisors acquired a new position in shares of Nasdaq in the second quarter worth about $25,000. Nemes Rush Group LLC purchased a new position in shares of Nasdaq in the fourth quarter worth approximately $35,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Nasdaq in the fourth quarter worth approximately $37,000. Finally, Reflection Asset Management acquired a new stake in shares of Nasdaq during the fourth quarter valued at approximately $41,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Company Profile

(Get Free Report)

Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq’s businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.

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