Keefe, Bruyette & Woods Issues Positive Forecast for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ) had its target price boosted by equities researchers at Keefe, Bruyette & Woods from $86.00 to $91.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 17.57% from the stock’s current price.

Several other equities analysts also recently issued reports on NDAQ. UBS Group upped their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Piper Sandler raised their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Morgan Stanley increased their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Bank of America reduced their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.40.

Nasdaq Stock Performance

Nasdaq stock opened at $77.40 on Friday. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The company has a market capitalization of $44.49 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 3.12 and a beta of 0.97. The stock has a fifty day moving average of $78.14 and a two-hundred day moving average of $70.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, analysts anticipate that Nasdaq will post 2.79 EPS for the current fiscal year.

Insider Activity

In other news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,459 shares of company stock valued at $3,811,808. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Y.D. More Investments Ltd raised its stake in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq during the third quarter valued at $27,000. Crewe Advisors LLC increased its holdings in shares of Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares during the period. Claro Advisors LLC acquired a new stake in Nasdaq in the third quarter worth about $33,000. Finally, New Millennium Group LLC acquired a new stake in Nasdaq in the second quarter worth about $34,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.