Nasdaq (NDAQ) Rating Reiterated by Jefferies Group
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.
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.
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