Analysts at Barclays PLC began coverage on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a report released on Friday, MarketBeat.com reports. The firm set an “overweight” rating and a $85.00 price target on the financial services provider’s stock. Barclays PLC’s price target suggests a potential upside of 14.32% from the stock’s current price.

A number of other brokerages also recently weighed in on NDAQ. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $77.00 target price (down from $79.00) on shares of Nasdaq in a report on Monday, May 15th. BidaskClub downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Citigroup Inc. started coverage on Nasdaq in a report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 target price for the company. Finally, Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Nasdaq has an average rating of “Hold” and an average target price of $76.10.

Nasdaq (NASDAQ:NDAQ) traded up 0.85% during mid-day trading on Friday, reaching $74.35. The company had a trading volume of 843,504 shares. The firm has a market capitalization of $12.40 billion, a P/E ratio of 56.50 and a beta of 0.77. Nasdaq has a one year low of $63.30 and a one year high of $77.75. The firm’s 50-day moving average is $75.05 and its 200-day moving average is $71.06.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The business had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. On average, equities research analysts anticipate that Nasdaq will post $4.17 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/09/09/nasdaq-inc-ndaq-now-covered-by-analysts-at-barclays-plc.html.

In related news, insider Bjorn Sibbern sold 3,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total transaction of $228,510.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the sale, the insider now owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,844 shares of company stock valued at $2,788,100. Corporate insiders own 1.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its holdings in Nasdaq by 0.4% during the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock worth $250,000 after buying an additional 15 shares in the last quarter. Palo Capital Inc. grew its holdings in Nasdaq by 0.4% during the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock worth $769,000 after buying an additional 45 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Nasdaq by 0.4% during the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock worth $876,000 after buying an additional 50 shares in the last quarter. Stanley Laman Group Ltd. grew its holdings in Nasdaq by 0.6% during the second quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock worth $676,000 after buying an additional 57 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Nasdaq by 3.4% during the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 74.31% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.