Nasdaq, Inc. (NASDAQ:NDAQ) Receives $72.86 Consensus Target Price from Analysts

04 Oct 2024, 22:35 by Tristan Rich · The Markets Daily

Shares of Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $74.40.

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada assumed coverage on shares of Nasdaq in a research report on Friday, September 27th. They set an “outperform” rating and a $88.00 price objective for the company. Barclays upped their target price on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America reduced their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Oppenheimer upped their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, September 9th.

Get Our Latest Stock Analysis on NDAQ

Insider Buying and Selling

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Several institutional investors have recently modified their holdings of the company. Y.D. More Investments Ltd increased its holdings 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 buying an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new stake in Nasdaq in the second quarter valued at $26,000. Salem Investment Counselors Inc. increased its position in shares of Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Crewe Advisors LLC boosted its position in Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Nasdaq during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

NDAQ opened at $72.92 on Friday. The business has a 50 day moving average price of $70.71 and a two-hundred day moving average price of $64.36. 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 company has a market capitalization of $41.94 billion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. Nasdaq has a 1-year low of $47.38 and a 1-year high of $74.88.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Research analysts predict that Nasdaq will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.24 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.32%. Nasdaq’s dividend payout ratio (DPR) is currently 50.53%.

Nasdaq Company Profile

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