Nasdaq, Inc. (NDAQ) Price Target Raised to $82.00 at Citigroup Inc.
Nasdaq, Inc. (NASDAQ:NDAQ) had its price target hoisted by Citigroup Inc. from $75.00 to $82.00 in a report released on Thursday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Citigroup Inc.’s target price indicates a potential upside of 9.92% from the stock’s previous close.
A number of other equities research analysts also recently commented on NDAQ. BidaskClub downgraded Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $74.00 target price on Nasdaq and gave the company a “hold” rating in a research report on Monday, July 17th. Finally, UBS AG restated a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $77.50.
Nasdaq (NDAQ) traded down 2.20% during mid-day trading on Thursday, reaching $72.96. The company’s stock had a trading volume of 1,358,553 shares. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 55.44 and a beta of 0.77. Nasdaq has a 12-month low of $63.30 and a 12-month high of $78.31. The firm’s 50 day moving average price is $75.55 and its 200 day moving average price is $72.11.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts predict that Nasdaq will post $4.16 earnings per share for the current year.
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In related news, insider Ann M. Dennison sold 1,170 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward S. Knight sold 15,000 shares of the business’s 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 completion of the sale, the insider now owns 78,063 shares in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders sold a total of 36,844 shares of company stock worth $2,788,100 in the last quarter. Company insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Nasdaq by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after purchasing an additional 208,253 shares during the period. Clearbridge Investments LLC increased its holdings in Nasdaq by 13.1% during the 1st quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after purchasing an additional 358,414 shares during the period. Bessemer Group Inc. increased its holdings in Nasdaq by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after purchasing an additional 707,537 shares during the period. BT Investment Management Ltd purchased a new stake in Nasdaq during the 2nd quarter worth about $97,982,000. Finally, TimesSquare Capital Management LLC increased its holdings in Nasdaq by 21.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,203,500 shares of the financial services provider’s stock worth $86,038,000 after purchasing an additional 216,100 shares during the period. Institutional investors own 74.44% 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.
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