Nasdaq (NASDAQ:NDAQ) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other research firms have also weighed in on NDAQ. UBS Group raised their price objective on shares of Nasdaq from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a report on Tuesday, May 26th. Credit Suisse Group lowered their price target on shares of Nasdaq from $120.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Oppenheimer assumed coverage on shares of Nasdaq in a report on Wednesday, July 22nd. They issued a “buy” rating and a $141.00 price target for the company. Finally, Argus lowered shares of Nasdaq from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Thursday, July 23rd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $126.09.

Shares of NASDAQ NDAQ traded up $1.41 during mid-day trading on Thursday, hitting $131.31. 611,859 shares of the stock were exchanged, compared to its average volume of 654,832. The company has a market cap of $21.54 billion, a P/E ratio of 27.47, a PEG ratio of 2.58 and a beta of 0.74. The stock’s fifty day simple moving average is $122.60 and its two-hundred day simple moving average is $111.71. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 1.11. Nasdaq has a twelve month low of $71.66 and a twelve month high of $135.51.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.09. The company had revenue of $699.00 million during the quarter, compared to analyst estimates of $686.79 million. Nasdaq had a net margin of 16.21% and a return on equity of 16.89%. During the same quarter last year, the business posted $1.22 earnings per share. As a group, equities research analysts predict that Nasdaq will post 5.86 earnings per share for the current fiscal year.

In related news, EVP Lars Ottersgard sold 3,500 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $119.82, for a total value of $419,370.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeremy Skule sold 2,526 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $117.97, for a total transaction of $297,992.22. The disclosure for this sale can be found here. Insiders sold a total of 11,026 shares of company stock worth $1,325,472 over the last ninety days. 0.60% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of NDAQ. CIBC World Markets Inc. lifted its stake in Nasdaq by 3.9% in the 1st quarter. CIBC World Markets Inc. now owns 34,438 shares of the financial services provider’s stock valued at $3,270,000 after purchasing an additional 1,298 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Nasdaq by 75.9% in the first quarter. The Manufacturers Life Insurance Company now owns 197,621 shares of the financial services provider’s stock valued at $18,764,000 after buying an additional 85,262 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Nasdaq by 59.3% in the first quarter. Principal Financial Group Inc. now owns 261,312 shares of the financial services provider’s stock valued at $24,811,000 after buying an additional 97,224 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Nasdaq by 119.7% in the first quarter. Pictet Asset Management Ltd. now owns 159,118 shares of the financial services provider’s stock valued at $15,108,000 after buying an additional 86,701 shares in the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd lifted its stake in shares of Nasdaq by 21.3% in the first quarter. Taikang Asset Management Hong Kong Co Ltd now owns 21,061 shares of the financial services provider’s stock valued at $2,000,000 after buying an additional 3,692 shares in the last quarter. 74.86% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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