BidaskClub Upgrades Nasdaq (NDAQ) to “Buy”
Nasdaq (NASDAQ:NDAQ) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday. UBS Group reissued a “buy” rating and set a $89.00 target price (up previously from $83.00) on shares of Nasdaq in a research note on Monday, December 11th. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Royal Bank of Canada set a $78.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $78.00 target price on shares of Nasdaq in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $80.09.
Nasdaq (NASDAQ:NDAQ) traded up $0.97 during trading on Friday, reaching $81.43. 924,111 shares of the company’s stock traded hands, compared to its average volume of 767,869. The firm has a market cap of $13,535.78, a PE ratio of 53.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15. Nasdaq has a 52-week low of $65.98 and a 52-week high of $81.55.
In other news, insider Pc Nelson Griggs sold 1,396 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total transaction of $104,309.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Nasdaq by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after purchasing an additional 208,253 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Nasdaq by 2.9% in the third quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock worth $186,204,000 after buying an additional 67,975 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Nasdaq by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock worth $171,614,000 after buying an additional 151,864 shares during the period. BT Investment Management Ltd acquired a new position in shares of Nasdaq in the second quarter worth about $97,982,000. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of Nasdaq by 1.3% in the third quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after buying an additional 16,264 shares during the period. Institutional investors own 75.74% of the company’s stock.
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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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