Nasdaq (NASDAQ:NDAQ) Raised to "Buy" at Redburn Atlantic

Nasdaq (NASDAQ:NDAQ - Get Free Report) was upgraded by Redburn Atlantic from a "neutral" rating to a "buy" rating in a report released on Thursday, Marketbeat.com reports. The brokerage presently has a $91.00 price target on the financial services provider's stock. Redburn Atlantic's price target would indicate a potential upside of 26.33% from the company's previous close.

A number of other equities research analysts have also recently issued reports on NDAQ. Barclays decreased their price objective on shares of Nasdaq from $87.00 to $86.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup lowered their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Raymond James increased their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.88.

Nasdaq Stock Up 1.9 %

Shares of NDAQ stock traded up $1.37 during trading on Thursday, hitting $72.03. 693,478 shares of the company were exchanged, compared to its average volume of 2,818,027. The business's 50-day simple moving average is $75.64 and its 200 day simple moving average is $77.43. Nasdaq has a twelve month low of $58.10 and a twelve month high of $84.15. The firm has a market capitalization of $41.43 billion, a price-to-earnings ratio of 37.50, a P/E/G 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.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, analysts forecast that Nasdaq will post 3.18 EPS for the current fiscal year.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock valued at $1,434,818 over the last 90 days. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nasdaq

Institutional investors have recently made changes to their positions in the stock. Grove Bank & Trust grew its position in shares of Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after buying an additional 216 shares during the period. Highline Wealth Partners LLC boosted its stake in Nasdaq by 1,509.5% during the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after acquiring an additional 317 shares during the last quarter. Rakuten Securities Inc. acquired a new position in Nasdaq during the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Nasdaq in the first quarter valued at approximately $26,000. Finally, Founders Capital Management acquired a new stake in Nasdaq in the fourth quarter worth $27,000. 72.47% of the stock is 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.