Nasdaq, Inc. (NASDAQ:NDAQ) has been given a $78.00 target price by equities research analysts at Royal Bank Of Canada in a research note issued on Monday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price points to a potential upside of 4.40% from the stock’s current price.

A number of other research firms have also recently weighed in on NDAQ. Keefe, Bruyette & Woods set a $76.00 price target on Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG restated a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Bank of America Corporation cut Nasdaq from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Finally, Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $76.50.

Shares of Nasdaq (NDAQ) opened at 74.71 on Monday. The firm has a 50-day moving average price of $75.64 and a 200 day moving average price of $72.02. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 56.77 and a beta of 0.77. Nasdaq has a one year low of $63.30 and a one year high of $78.31.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. Equities analysts forecast that Nasdaq will post $4.16 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Nasdaq, Inc. (NDAQ) PT Set at $78.00 by Royal Bank Of Canada” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/10/18/nasdaq-inc-ndaq-pt-set-at-78-00-by-royal-bank-of-canada.html.

In other news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now owns 78,063 shares in the company, valued at $5,807,106.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock worth $2,788,100 in the last 90 days. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of NDAQ. YorkBridge Wealth Partners LLC boosted its holdings in shares of Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 178 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Nasdaq by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 203 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of Nasdaq during the second quarter worth $201,000. IFP Advisors Inc boosted its holdings in shares of Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 243 shares during the last quarter. Finally, Advisor Partners LLC acquired a new stake in shares of Nasdaq during the second quarter worth $214,000. Institutional investors and hedge funds own 74.44% of the company’s stock.

About Nasdaq

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

Receive News & Stock Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related stocks with our FREE daily email newsletter.