Barclays Lowers Nasdaq (NASDAQ:NDAQ) Price Target to $86.00

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its target price cut by equities researchers at Barclays from $87.00 to $86.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Barclays's price target suggests a potential upside of 19.15% from the company's current price.

A number of other brokerages have also commented on NDAQ. Oppenheimer cut their price target on Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Citigroup cut their target price on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. UBS Group upped their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Piper Sandler raised their price target on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus target price of $85.88.

Nasdaq Price Performance

NASDAQ:NDAQ traded up $0.49 during trading hours on Monday, hitting $72.18. The company's stock had a trading volume of 2,606,182 shares, compared to its average volume of 2,829,458. Nasdaq has a twelve month low of $58.10 and a twelve month high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a fifty day simple moving average of $75.82 and a 200-day simple moving average of $77.40. The company has a market capitalization of $41.51 billion, a P/E ratio of 37.59, a PEG ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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 14.82%. On average, analysts anticipate that Nasdaq will post 3.18 EPS for the current fiscal year.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at $4,450,783.80. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 over the last three months. Corporate insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently made changes to their positions in NDAQ. Grove Bank & Trust grew its position in shares of Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 216 shares during the period. Highline Wealth Partners LLC grew its holdings in Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 317 shares during the period. Rakuten Securities Inc. bought a new position in Nasdaq during the fourth quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new stake in Nasdaq in the first quarter worth $26,000. Finally, Founders Capital Management bought a new stake in shares of Nasdaq in the fourth quarter valued at $27,000. 72.47% of the stock is owned by hedge funds and other 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.