UBS Group Boosts Nasdaq (NDAQ) Price Target to $103.00

Nasdaq (NASDAQ:NDAQ) had its price target lifted by stock analysts at UBS Group from $100.00 to $103.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target indicates a potential upside of 14.62% from the company’s previous close.

Several other research analysts also recently issued reports on the company. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Raymond James cut their price objective on Nasdaq from $97.00 to $96.00 and set an “outperform” rating for the company in a research report on Tuesday, March 5th. Finally, Argus assumed coverage on Nasdaq in a research report on Wednesday, February 6th. They set a “buy” rating and a $97.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $97.92.

NDAQ stock opened at $89.86 on Thursday. Nasdaq has a 12-month low of $75.49 and a 12-month high of $96.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $14.86 billion, a PE ratio of 18.57, a P/E/G ratio of 2.25 and a beta of 0.63.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.05. Nasdaq had a return on equity of 14.53% and a net margin of 10.71%. The firm had revenue of $638.00 million during the quarter, compared to the consensus estimate of $632.71 million. During the same period in the previous year, the firm posted $1.22 EPS. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, analysts forecast that Nasdaq will post 4.98 earnings per share for the current year.

In other Nasdaq news, EVP Pc Nelson Griggs sold 1,339 shares of Nasdaq stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $90.24, for a total value of $120,831.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley J. Peterson sold 6,159 shares of Nasdaq stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total transaction of $526,471.32. Following the completion of the sale, the insider now directly owns 39,482 shares of the company’s stock, valued at $3,374,921.36. The disclosure for this sale can be found here. Insiders have sold a total of 21,059 shares of company stock valued at $1,841,213 over the last 90 days. Insiders own 0.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC purchased a new stake in Nasdaq in the 4th quarter worth approximately $43,000. Doyle Wealth Management purchased a new stake in Nasdaq in the 4th quarter worth approximately $51,000. Meeder Asset Management Inc. purchased a new stake in Nasdaq in the 4th quarter worth approximately $77,000. Federated Investors Inc. PA purchased a new stake in Nasdaq in the 3rd quarter worth approximately $106,000. Finally, Bremer Trust National Association purchased a new stake in Nasdaq in the 4th quarter worth approximately $106,000. 76.07% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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