Nasdaq (NASDAQ:NDAQ)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research report issued on Tuesday. They presently have a $83.50 target price on the financial services provider’s stock. Jefferies Group’s price objective suggests a potential upside of 3.83% from the company’s previous close.

Several other equities research analysts also recently issued reports on NDAQ. Bank of America downgraded Nasdaq from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $77.00 to $75.00 in a report on Monday, October 9th. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Royal Bank of Canada set a $78.00 price objective on Nasdaq and gave the company a “hold” rating in a report on Monday, October 16th. Finally, Citigroup boosted their price objective on Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $81.23.

Shares of Nasdaq (NASDAQ NDAQ) traded down $1.01 during trading on Tuesday, hitting $80.42. The stock had a trading volume of 718,830 shares, compared to its average volume of 848,267. Nasdaq has a twelve month low of $65.98 and a twelve month high of $82.15. The firm has a market cap of $13,410.00, a price-to-earnings ratio of 53.26, a PEG ratio of 1.76 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63.

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

In other Nasdaq news, EVP Pc Nelson Griggs sold 2,064 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $76.58, for a total transaction of $158,061.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Invictus RG purchased a new stake in Nasdaq during the 3rd quarter worth about $111,000. YorkBridge Wealth Partners LLC increased its holdings 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 worth $104,000 after purchasing an additional 178 shares during the period. Conning Inc. purchased a new stake in Nasdaq during the 3rd quarter worth about $200,000. Beaton Management Co. Inc. purchased a new stake in Nasdaq during the 3rd quarter worth about $202,000. Finally, Visionary Asset Management Inc. purchased a new stake in Nasdaq during the 3rd quarter worth about $203,000. Institutional investors own 75.97% 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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