Keefe, Bruyette & Woods Boosts Nasdaq (NASDAQ:NDAQ) Price Target to $88.00

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its target price raised by research analysts at Keefe, Bruyette & Woods from $87.00 to $88.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 17.52% from the stock's current price.

Several other equities analysts have also recently weighed in on NDAQ. Morgan Stanley cut Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective for the company. in a research report on Tuesday, April 8th. Piper Sandler raised their price target on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Oppenheimer cut their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Barclays cut their price target on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a report on Friday. Finally, Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research note on Thursday, April 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.18.

Nasdaq Stock Up 0.2 %

Shares of NASDAQ NDAQ traded up $0.14 during mid-day trading on Friday, reaching $74.88. The company had a trading volume of 639,610 shares, compared to its average volume of 2,828,398. The company has a market capitalization of $43.07 billion, a price-to-earnings ratio of 38.98, a PEG ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a fifty day moving average of $75.19 and a two-hundred day moving average of $77.39. Nasdaq has a 12-month low of $58.10 and a 12-month high of $84.15.

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

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $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. In the last three months, insiders have sold 19,116 shares of company stock valued at $1,434,818. 0.70% of the stock is owned by insiders.

Institutional Trading of Nasdaq

Institutional investors and hedge funds have recently bought and sold shares of the stock. Grove Bank & Trust increased its position in 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 purchasing an additional 216 shares during the period. Highline Wealth Partners LLC grew its stake in shares of Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Nasdaq during the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new position in Nasdaq during the 1st quarter valued at about $26,000. Finally, Founders Capital Management bought a new stake in Nasdaq during the fourth quarter worth $27,000. 72.47% of the stock is currently 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.

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