JPMorgan Chase & Co. Issues Positive Forecast for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $88.00 to $95.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 15.38% from the stock's previous close.

Several other equities analysts have also issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 9th. Oppenheimer upped their target price on Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. William Blair assumed coverage on Nasdaq in a report on Monday, November 25th. They set an "outperform" rating on the stock. Finally, Bank of America lowered their price objective on shares of Nasdaq from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and an average target price of $86.88.

Nasdaq Trading Up 0.1 %

Shares of NASDAQ NDAQ traded up $0.06 during trading on Thursday, reaching $82.34. The company had a trading volume of 2,688,615 shares, compared to its average volume of 2,845,645. The stock has a market cap of $47.33 billion, a P/E ratio of 42.89, a PEG ratio of 2.78 and a beta of 0.98. The company's fifty day moving average price is $79.55 and its 200-day moving average price is $74.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a 12 month low of $54.90 and a 12 month high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.91% and a net margin of 15.10%. As a group, research analysts expect that Nasdaq will post 3.16 earnings per share for the current year.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,817 shares of company stock valued at $2,330,033. 0.70% of the stock is owned by insiders.

Institutional Trading of Nasdaq

Several hedge funds have recently added to or reduced their stakes in NDAQ. Citizens Financial Group Inc. RI raised its holdings in shares of Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock worth $290,000 after purchasing an additional 137 shares during the period. Allworth Financial LP raised its position in shares of Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 141 shares during the period. First Pacific Financial boosted its holdings in shares of Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock worth $1,011,000 after acquiring an additional 142 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after buying an additional 148 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock worth $147,000 after acquiring an additional 148 shares during the period. Institutional investors 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.