Oppenheimer Issues Positive Forecast for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ) had its price objective lifted by stock analysts at Oppenheimer from $86.00 to $89.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price target points to a potential upside of 16.72% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Raymond James lifted their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. UBS Group boosted their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 9th. Finally, Bank of America decreased their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.73.

Nasdaq Trading Up 0.1 %

NDAQ opened at $76.25 on Monday. The firm has a 50 day simple moving average of $79.29 and a 200 day simple moving average of $73.00. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The company has a market cap of $43.83 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio 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 analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. On average, sell-side analysts anticipate that Nasdaq will post 2.79 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by insiders.

Institutional Trading of Nasdaq

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares during the last quarter. State Street Corp grew its holdings in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares during the period. Geode Capital Management LLC grew its holdings in Nasdaq by 9.5% during the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after purchasing an additional 932,665 shares during the period. Harris Associates L P increased its position in Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after buying an additional 1,096,090 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after buying an additional 3,970,658 shares during the period. Institutional investors and hedge funds 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.