Nasdaq (NASDAQ:NDAQ) Stock Price Expected to Rise, UBS Group Analyst Says

Nasdaq (NASDAQ:NDAQ) had its price objective increased by UBS Group from $79.00 to $89.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective points to a potential upside of 8.09% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Argus lifted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barclays dropped their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Citigroup lifted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Trading Up 0.1 %

Shares of NASDAQ:NDAQ opened at $82.34 on Thursday. The firm has a fifty day moving average of $79.55 and a two-hundred day moving average of $74.70. The firm has a market capitalization of $47.33 billion, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 2.78 and a beta of 0.98. Nasdaq has a 12-month low of $54.90 and a 12-month high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.91%. On average, equities analysts expect that Nasdaq will post 3.16 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,817 shares of company stock worth $2,330,033 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Institutional investors have recently modified their holdings of the stock. Founders Capital Management bought a new position in shares of Nasdaq in the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Nasdaq during the third quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq during the fourth quarter worth approximately $33,000. Raleigh Capital Management Inc. raised its stake in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares during the last quarter. Finally, Claro Advisors LLC bought a new stake in shares of Nasdaq during the third quarter worth approximately $33,000. 72.47% of the stock is owned by institutional investors.

About Nasdaq

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.