Nasdaq (NASDAQ:NDAQ) Lowered to "Sell" Rating by StockNews.com

Nasdaq (NASDAQ:NDAQ - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Friday.

A number of other analysts also recently issued reports on NDAQ. UBS Group lifted their price target on Nasdaq from $73.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Oppenheimer boosted their target price on Nasdaq from $84.00 to $86.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Piper Sandler increased their price target on shares of Nasdaq from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Bank of America reduced their price objective on shares of Nasdaq from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $88.00 target price on shares of Nasdaq in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.87.

Nasdaq Stock Down 0.2 %

NASDAQ:NDAQ traded down $0.13 during mid-day trading on Friday, hitting $81.14. The stock had a trading volume of 4,918,018 shares, compared to its average volume of 2,864,795. Nasdaq has a twelve month low of $53.62 and a twelve month high of $83.77. The stock has a 50-day simple moving average of $76.65 and a two-hundred day simple moving average of $69.35. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $46.64 billion, a PE ratio of 48.59, a PEG ratio of 3.15 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company's quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. On average, equities research analysts anticipate that Nasdaq will post 2.79 EPS for the current year.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now directly owns 114,580 shares of the company's stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 in the last three months. Insiders own 0.70% of the company's stock.

Institutional Investors Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd grew its holdings in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock worth $25,000 after acquiring an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Nasdaq in the second quarter valued at $26,000. Catalyst Capital Advisors LLC purchased a new position in shares of Nasdaq in the third quarter valued at $27,000. Crewe Advisors LLC raised its stake in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock worth $30,000 after buying an additional 314 shares during the last quarter. Finally, Claro Advisors LLC purchased a new stake in shares of Nasdaq in the 3rd quarter worth about $33,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.