Barclays Cuts Nasdaq (NASDAQ:NDAQ) Price Target to $96.00

Nasdaq (NASDAQ:NDAQ - Get Free Report) had its price target dropped by equities research analysts at Barclays from $97.00 to $96.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Barclays's target price points to a potential upside of 26.02% from the stock's previous close.

NDAQ has been the topic of several other research reports. William Blair started coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an "outperform" rating on the stock. Citigroup lifted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday. UBS Group lifted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Piper Sandler lifted their target price on shares of Nasdaq from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.73.

Nasdaq Stock Up 0.4 %

Shares of Nasdaq stock traded up $0.30 during midday trading on Monday, reaching $76.18. 1,708,387 shares of the company's stock traded hands, compared to its average volume of 2,857,144. The company has a market cap of $43.79 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company's 50 day simple moving average is $79.29 and its 200 day simple moving average is $73.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq has a 52 week low of $54.90 and a 52 week high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The business 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%. Nasdaq's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Equities analysts expect that Nasdaq will post 2.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeremy Skule sold 12,075 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares of the company's stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. 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 over the last ninety days. Corporate insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NDAQ. Private Advisor Group LLC raised its position in Nasdaq by 25.5% during the second quarter. Private Advisor Group LLC now owns 10,065 shares of the financial services provider's stock worth $607,000 after acquiring an additional 2,045 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Nasdaq by 35.8% during the 2nd quarter. American Century Companies Inc. now owns 957,825 shares of the financial services provider's stock worth $57,719,000 after buying an additional 252,631 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Nasdaq by 17.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 161,046 shares of the financial services provider's stock worth $9,780,000 after buying an additional 24,093 shares during the last quarter. Meeder Advisory Services Inc. acquired a new stake in shares of Nasdaq during the 2nd quarter worth about $244,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Nasdaq by 7.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,914 shares of the financial services provider's stock worth $236,000 after buying an additional 279 shares during the last quarter. 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.