Barclays Lowers Nasdaq (NASDAQ:NDAQ) Price Target to $95.00

Nasdaq (NASDAQ:NDAQ) had its target price lowered by equities researchers at Barclays from $96.00 to $95.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 15.38% from the company’s previous close.

A number of other analysts also recently commented on NDAQ. UBS Group boosted their target price on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Morgan Stanley increased their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Citigroup upped their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Bank of America lowered their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $82.34 on Thursday. The firm’s fifty day simple moving average is $79.55 and its 200-day simple moving average 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. The stock has a market cap of $47.33 billion, a PE ratio of 42.89, a price-to-earnings-growth ratio of 2.78 and a beta of 0.98. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.91%. Analysts expect that Nasdaq will post 3.16 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at $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 is available at this link. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The shares were 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 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. In the last 90 days, insiders sold 29,817 shares of company stock worth $2,330,033. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

A number of large investors have recently made changes to their positions in NDAQ. Catalyst Capital Advisors LLC purchased a new position in Nasdaq during the 3rd quarter worth approximately $27,000. Founders Capital Management acquired a new stake in shares of Nasdaq in the fourth quarter worth $27,000. Claro Advisors LLC purchased a new position in shares of Nasdaq during the third quarter valued at $33,000. Kestra Investment Management LLC acquired a new position in Nasdaq during the fourth quarter valued at $33,000. Finally, Raleigh Capital Management Inc. raised its position in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares during the period. 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.