Nasdaq’s (NDAQ) “Hold” Rating Reiterated at Royal Bank Of Canada
Nasdaq, Inc. (NASDAQ:NDAQ)‘s stock had its “hold” rating reaffirmed by Royal Bank Of Canada in a research note issued to investors on Monday. They currently have a $76.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 2.22% from the company’s current price.
Other research analysts have also recently issued research reports about the company. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Citigroup Inc. began coverage on Nasdaq in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price objective on the stock. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Deutsche Bank AG reissued a “buy” rating and issued a $77.00 price objective (down previously from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. Finally, UBS AG reissued a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $76.10.
Shares of Nasdaq (NDAQ) traded up 0.85% during midday trading on Monday, hitting $74.98. The stock had a trading volume of 260,273 shares. The company’s 50 day moving average is $75.12 and its 200 day moving average is $71.06. The company has a market cap of $12.51 billion, a PE ratio of 56.98 and a beta of 0.77. Nasdaq has a 52-week low of $63.30 and a 52-week high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. On average, analysts anticipate that Nasdaq will post $4.17 earnings per share for the current year.
In other Nasdaq news, insider Bjorn Sibbern sold 3,000 shares of the 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 legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold a total of 36,844 shares of company stock worth $2,788,100 in the last ninety days. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC boosted its position in Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 178 shares in the last quarter. Pacer Advisors Inc. boosted its position in Nasdaq by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Nasdaq during the 1st quarter valued at $190,000. MML Investors Services LLC bought a new stake in Nasdaq during the 2nd quarter valued at $201,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Nasdaq during the 1st quarter valued at $203,000. 74.31% of the stock is currently owned by institutional investors and hedge funds.
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.
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