Nasdaq (NASDAQ:NDAQ) Price Target Lowered to $85.00 at Oppenheimer

Nasdaq (NASDAQ:NDAQ) had its price objective reduced by analysts at Oppenheimer from $89.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 19.62% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on NDAQ. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Citigroup cut their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday. Raymond James lifted their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. UBS Group raised their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Morgan Stanley lowered shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.63.

Nasdaq Stock Up 1.1 %

Nasdaq stock traded up $0.76 during trading on Friday, reaching $71.06. 1,424,340 shares of the company’s stock were exchanged, compared to its average volume of 2,835,319. The company’s 50-day moving average is $77.01 and its two-hundred day moving average is $77.43. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq has a 52-week low of $58.10 and a 52-week high of $84.15. The firm has a market cap of $40.87 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, analysts predict that Nasdaq will post 3.18 earnings per share for the current year.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,116 shares of company stock valued at $1,434,818. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. raised its position in Nasdaq by 66.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 40,269 shares of the financial services provider’s stock worth $3,055,000 after purchasing an additional 16,099 shares during the last quarter. Heritage Family Offices LLP bought a new stake in shares of Nasdaq in the first quarter valued at about $1,121,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Nasdaq in the 1st quarter valued at about $14,188,000. Clarus Wealth Advisors grew its stake in shares of Nasdaq by 14.5% in the first quarter. Clarus Wealth Advisors now owns 12,242 shares of the financial services provider’s stock valued at $881,000 after buying an additional 1,546 shares in the last quarter. Finally, Crestmont Private Wealth LLC lifted its stake in Nasdaq by 14.5% in the first quarter. Crestmont Private Wealth LLC now owns 9,182 shares of the financial services provider’s stock valued at $697,000 after acquiring an additional 1,165 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

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.