Oppenheimer Increases Nasdaq (NASDAQ:NDAQ) Price Target to $89.00

Nasdaq (NASDAQ:NDAQGet Free Report) had its target price lifted by equities researchers at Oppenheimer from $86.00 to $89.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price would indicate a potential upside of 16.72% from the stock’s current price.

NDAQ has been the subject of a number of other reports. Morgan Stanley increased 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. Bank of America decreased their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, January 9th. Raymond James lifted their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, William Blair initiated coverage on Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $85.73.

View Our Latest Report on NDAQ

Nasdaq Trading Up 0.1 %

Nasdaq stock opened at $76.25 on Monday. Nasdaq has a 52 week low of $54.90 and a 52 week high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $43.83 billion, a PE ratio of 45.66, a PEG ratio of 3.12 and a beta of 0.98. The business’s 50-day simple moving average is $79.29 and its 200-day simple moving average is $73.00.

Nasdaq (NASDAQ:NDAQGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts forecast that Nasdaq will post 2.79 earnings per share for the current year.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 in the last ninety days. Insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC increased its position in Nasdaq by 25.5% in the 2nd quarter. Private Advisor Group LLC now owns 10,065 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 2,045 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Nasdaq by 35.8% in the second quarter. American Century Companies Inc. now owns 957,825 shares of the financial services provider’s stock valued at $57,719,000 after purchasing an additional 252,631 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Nasdaq by 17.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 161,046 shares of the financial services provider’s stock worth $9,780,000 after purchasing an additional 24,093 shares during the last quarter. Meeder Advisory Services Inc. bought a new position in Nasdaq in the 2nd quarter worth approximately $244,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Nasdaq by 7.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,914 shares of the financial services provider’s stock worth $236,000 after buying an additional 279 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

About Nasdaq

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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.

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