Barclays Lowers Nasdaq (NASDAQ:NDAQ) Price Target to $84.00

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its price objective dropped by research analysts at Barclays from $86.00 to $84.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Barclays's price objective indicates a potential upside of 11.46% from the company's current price.

NDAQ has been the subject of several other reports. Piper Sandler increased their price target on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target for the company. in a research note on Tuesday, April 8th. UBS Group raised their price objective 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. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $85.18.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded up $0.62 on Friday, hitting $75.36. The company had a trading volume of 2,810,470 shares, compared to its average volume of 2,809,197. The company has a market cap of $43.27 billion, a PE ratio of 39.25, a PEG ratio of 2.12 and a beta of 1.02. The business has a 50 day moving average of $75.07 and a 200 day moving average of $77.49. Nasdaq has a 52-week low of $58.28 and a 52-week high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts anticipate that Nasdaq will post 3.18 earnings per share for the current fiscal year.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction dated Monday, March 17th. The stock was 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 approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,116 shares of company stock worth $1,434,818. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently made changes to their positions in NDAQ. G&S Capital LLC acquired a new stake in Nasdaq during the 1st quarter valued at $2,573,000. Canandaigua National Bank & Trust Co. grew its holdings in shares of Nasdaq by 19.8% during the 1st quarter. Canandaigua National Bank & Trust Co. now owns 12,106 shares of the financial services provider's stock worth $918,000 after purchasing an additional 2,004 shares in the last quarter. Amalgamated Bank raised its position in shares of Nasdaq by 0.7% in the 1st quarter. Amalgamated Bank now owns 82,240 shares of the financial services provider's stock valued at $6,239,000 after buying an additional 571 shares in the last quarter. KBC Group NV increased its stake in shares of Nasdaq by 8.8% in the 1st quarter. KBC Group NV now owns 115,425 shares of the financial services provider's stock valued at $8,756,000 after purchasing an additional 9,324 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Nasdaq by 1.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,118,924 shares of the financial services provider's stock worth $84,882,000 after acquiring an additional 11,970 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

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.