Rosenblatt Securities Trims Nasdaq (NASDAQ:NDAQ) Target Price to $76.00

Nasdaq (NASDAQ:NDAQ) had its target price cut by investment analysts at Rosenblatt Securities from $82.00 to $76.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 26.41% from the stock’s previous close.

NDAQ has been the topic of several other research reports. Oppenheimer upped their price target on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Barclays began coverage on shares of Nasdaq in a research report on Thursday, April 11th. They set an “overweight” rating and a $76.00 price target on the stock. The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, March 26th. Finally, Edward Jones assumed coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.92.

Nasdaq Stock Down 0.3 %

NDAQ opened at $60.12 on Friday. The firm’s 50-day simple moving average is $59.93 and its 200-day simple moving average is $56.50. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 0.99. Nasdaq has a twelve month low of $46.88 and a twelve month high of $64.25. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.76 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. Equities research analysts anticipate that Nasdaq will post 2.71 EPS for the current fiscal year.

Insider Activity

In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Institutional Trading of Nasdaq

A number of large investors have recently bought and sold shares of the business. Foster Victor Wealth Advisors LLC increased its stake in Nasdaq by 18.0% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 265,459 shares of the financial services provider’s stock worth $16,740,000 after purchasing an additional 40,551 shares in the last quarter. Securian Asset Management Inc. grew its stake in shares of Nasdaq by 4.2% during the 1st quarter. Securian Asset Management Inc. now owns 22,407 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 908 shares in the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of Nasdaq by 23.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 87,303 shares of the financial services provider’s stock worth $5,509,000 after acquiring an additional 16,455 shares in the last quarter. Tritonpoint Wealth LLC grew its stake in shares of Nasdaq by 10.3% during the 1st quarter. Tritonpoint Wealth LLC now owns 13,046 shares of the financial services provider’s stock worth $823,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Nasdaq by 1.8% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 98,215 shares of the financial services provider’s stock worth $6,197,000 after acquiring an additional 1,700 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

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.