Nasdaq (NASDAQ:NDAQ) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Tuesday, BidAskClub reports.

A number of other research analysts have also recently commented on NDAQ. Raymond James lowered their price target on Nasdaq from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, March 12th. UBS Group boosted their price target on Nasdaq from $100.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Bank of America reissued a “neutral” rating and issued a $88.00 price target on shares of Nasdaq in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $97.15.

NDAQ stock opened at $95.45 on Tuesday. Nasdaq has a twelve month low of $75.49 and a twelve month high of $97.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $15.82 billion, a PE ratio of 19.72, a P/E/G ratio of 2.64 and a beta of 0.62.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.05. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $632.71 million. During the same period in the previous year, the firm earned $1.22 EPS. The firm’s revenue was down 13.2% compared to the same quarter last year. As a group, equities analysts forecast that Nasdaq will post 4.92 earnings per share for the current fiscal year.

In other news, insider Bradley J. Peterson sold 1,550 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $96.65, for a total transaction of $149,807.50. Following the sale, the insider now directly owns 21,408 shares of the company’s stock, valued at approximately $2,069,083.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charlene T. Begley sold 6,160 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $96.54, for a total value of $594,686.40. The disclosure for this sale can be found here. Insiders have sold a total of 45,276 shares of company stock worth $4,117,864 over the last ninety days. Insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NDAQ. Marshall Wace LLP grew its position in Nasdaq by 3,534.5% in the 1st quarter. Marshall Wace LLP now owns 91,627 shares of the financial services provider’s stock valued at $8,016,000 after acquiring an additional 89,106 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Nasdaq by 45.9% during the 1st quarter. Nordea Investment Management AB now owns 297,368 shares of the financial services provider’s stock worth $26,020,000 after buying an additional 93,530 shares in the last quarter. Cleararc Capital Inc. bought a new position in shares of Nasdaq during the 1st quarter worth $245,000. Jane Street Group LLC grew its position in shares of Nasdaq by 101.5% during the 1st quarter. Jane Street Group LLC now owns 14,509 shares of the financial services provider’s stock worth $1,269,000 after buying an additional 7,309 shares in the last quarter. Finally, CWM Advisors LLC grew its position in shares of Nasdaq by 44.2% during the 1st quarter. CWM Advisors LLC now owns 9,102 shares of the financial services provider’s stock worth $796,000 after buying an additional 2,792 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Further Reading: Equal Weight Rating

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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