Nasdaq (NASDAQ:NDAQ) Price Target Cut to $95.00 by Analysts at Barclays

Nasdaq (NASDAQ:NDAQ) had its price target lowered by equities research analysts at Barclays from $96.00 to $95.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 16.24% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Raymond James raised their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 9th. Morgan Stanley raised their price target on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Citigroup raised their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, TD Cowen cut their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.67.

Nasdaq Stock Up 0.7 %

NASDAQ:NDAQ opened at $81.73 on Thursday. The firm has a market cap of $46.98 billion, a P/E ratio of 48.94, a P/E/G ratio of 2.77 and a beta of 0.98. 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 has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The firm has a 50-day simple moving average of $79.50 and a two-hundred day simple moving average of $74.51.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Analysts predict that Nasdaq will post 2.81 earnings per share for the current fiscal year.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,817 shares of company stock valued at $2,330,033 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Founders Capital Management bought a new position in shares of Nasdaq in the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq in the third quarter worth about $27,000. Raleigh Capital Management Inc. grew its holdings in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Claro Advisors LLC bought a new position in shares of Nasdaq in the third quarter worth about $33,000. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq in the third quarter worth about $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

About Nasdaq

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.