Citigroup Has Lowered Expectations for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its target price dropped by Citigroup from $84.00 to $75.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. Citigroup's price target indicates a potential upside of 4.85% from the company's previous close.

A number of other equities research analysts have also recently issued reports on NDAQ. Oppenheimer upped their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a report on Monday, January 13th. Raymond James raised their target price on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Bank of America lifted their price target on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.63.

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Nasdaq Stock Performance

Shares of NDAQ stock traded up $1.23 during trading on Tuesday, reaching $71.53. The company had a trading volume of 4,136,405 shares, compared to its average volume of 2,836,904. The firm's 50 day simple moving average is $76.80 and its two-hundred day simple moving average is $77.42. Nasdaq has a one year low of $58.10 and a one year 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 company has a market capitalization of $41.14 billion, a PE ratio of 37.26, a PEG ratio of 2.12 and a beta of 1.02.

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

Insider Activity at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the firm's 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 completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock valued at $1,434,818 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently bought and sold shares of NDAQ. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq in the fourth quarter valued at $26,000. Founders Capital Management acquired a new stake in Nasdaq in the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq in the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. raised its stake in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after acquiring an additional 225 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Nasdaq during the fourth quarter worth approximately $37,000. 72.47% of the stock is owned by institutional investors and hedge funds.

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.