NASDAQ OMX Group Shares Down 2.4% on Insider Selling (NDAQ)
NASDAQ OMX Group (NASDAQ:NDAQ) shares were down 2.4% on Thursday after an insider sold shares in the company, Analyst RN reports. The stock traded as low as $36.89 and last traded at $37.25, with a volume of 1,085,316 shares. The stock had previously closed at $38.16.
Specifically, EVP Anna M. Ewing unloaded 10,000 shares of NASDAQ OMX Group stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $38.00, for a total value of $380,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NDAQ has been the subject of a number of recent research reports. Analysts at Credit Suisse upgraded shares of NASDAQ OMX Group from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $42.00 price target on the stock, up previously from $40.00. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. NASDAQ OMX Group has an average rating of “Hold” and an average target price of $38.10.
The stock has a 50-day moving average of $36.59 and a 200-day moving average of $38.03. The company has a market cap of $6.332 billion and a price-to-earnings ratio of 14.76.
NASDAQ OMX Group (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.01. The company had revenue of $529.00 million for the quarter, compared to the consensus estimate of $526.55 million. During the same quarter last year, the company posted $0.64 earnings per share. NASDAQ OMX Group’s revenue was up 26.6% compared to the same quarter last year. Analysts expect that NASDAQ OMX Group will post $2.94 EPS for the current fiscal year.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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