Nasdaq (NASDAQ:NDAQ) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. UBS Group restated a “buy” rating and issued a $89.00 target price (up previously from $83.00) on shares of Nasdaq in a report on Monday, December 11th. Barclays dropped their target price on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Citigroup raised their target price on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $78.67.

Nasdaq (NDAQ) traded up $0.52 during trading hours on Friday, hitting $79.21. 926,725 shares of the stock were exchanged, compared to its average volume of 742,837. Nasdaq has a 1 year low of $65.98 and a 1 year high of $80.14. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $13,080.35, a PE ratio of 52.11, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The firm had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. sell-side analysts forecast that Nasdaq will post 4.18 EPS for the current year.

In other Nasdaq news, insider Pc Nelson Griggs sold 1,396 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NDAQ. Schwab Charles Investment Management Inc. raised its position in Nasdaq by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 356,884 shares of the financial services provider’s stock worth $25,514,000 after acquiring an additional 3,494 shares during the period. Pacer Advisors Inc. raised its position in Nasdaq by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 203 shares during the period. Principal Financial Group Inc. raised its position in Nasdaq by 0.3% in the second quarter. Principal Financial Group Inc. now owns 174,415 shares of the financial services provider’s stock worth $12,469,000 after acquiring an additional 503 shares during the period. Oppenheimer & Co. Inc. raised its position in Nasdaq by 0.8% in the second quarter. Oppenheimer & Co. Inc. now owns 15,438 shares of the financial services provider’s stock worth $1,104,000 after acquiring an additional 115 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in Nasdaq by 19.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,456 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 1,072 shares during the period. Institutional investors and hedge funds own 75.74% of the company’s stock.

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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)

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