Nasdaq (NASDAQ:NDAQ) Given "Outperform" Rating at Royal Bank of Canada

Nasdaq (NASDAQ:NDAQ - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They presently have a $88.00 target price on the financial services provider's stock. Royal Bank of Canada's target price points to a potential upside of 9.78% from the stock's previous close.

Several other research analysts have also recently issued reports on NDAQ. Argus lifted their target price on Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Oppenheimer boosted their price objective on Nasdaq from $84.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Morgan Stanley boosted their target price on Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $78.00 to $80.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Finally, TD Cowen decreased their price objective on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $80.87.

Nasdaq Trading Up 0.5 %

NDAQ stock traded up $0.38 during mid-day trading on Tuesday, reaching $80.16. The company's stock had a trading volume of 1,865,291 shares, compared to its average volume of 2,876,373. The company has a market cap of $46.07 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95. The business's 50 day moving average price is $74.62 and its 200 day moving average price is $67.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a 12 month low of $53.36 and a 12 month high of $80.77.

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. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company's revenue for the quarter was up 21.9% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq will post 2.78 EPS for the current year.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 12,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares of the company's stock, valued at $8,928,073.60. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,384 shares of company stock worth $2,860,902. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd lifted its stake 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 valued at $25,000 after purchasing an additional 202 shares during the period. Hobbs Group Advisors LLC purchased a new position in Nasdaq during the second quarter valued at $26,000. Catalyst Capital Advisors LLC purchased a new position in Nasdaq during the third quarter valued at $27,000. Crewe Advisors LLC raised its stake in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock valued at $30,000 after buying an additional 314 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in Nasdaq during the first quarter valued at $31,000. Institutional investors own 72.47% of the company's stock.

About Nasdaq

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.