Nasdaq (NASDAQ:NDAQ) Earns Outperform Rating from Royal Bank of Canada

Nasdaq (NASDAQ:NDAQ)‘s stock had its “outperform” rating reiterated by Royal Bank of Canada in a research report issued on Thursday,Benzinga reports. They currently have a $95.00 price target on the financial services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 16.43% from the company’s previous close.

Several other research analysts have also commented on the stock. The Goldman Sachs Group raised their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Citigroup raised their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Oppenheimer raised their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Raymond James raised their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, TD Cowen lowered their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.25.

Nasdaq Trading Down 0.2 %

Shares of NDAQ stock traded down $0.14 during trading hours on Thursday, hitting $81.59. 780,891 shares of the company were exchanged, compared to its average volume of 2,736,477. The firm has a market cap of $46.90 billion, a PE ratio of 48.92, a PEG ratio of 2.77 and a beta of 0.98. Nasdaq has a 1 year low of $54.90 and a 1 year high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average of $79.50 and a 200 day moving average of $74.51.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Analysts expect that Nasdaq will post 2.81 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the sale, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. The trade was a 9.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,817 shares of company stock valued at $2,330,033. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Nasdaq

A number of institutional investors and hedge funds have recently modified their holdings of NDAQ. Founders Capital Management acquired a new position in Nasdaq during the fourth quarter worth $27,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the third quarter valued at about $27,000. Raleigh Capital Management Inc. boosted its holdings in Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. Claro Advisors LLC bought a new position in Nasdaq in the third quarter valued at about $33,000. Finally, Focused Wealth Management Inc bought a new position in Nasdaq in the third quarter valued at about $35,000. 72.47% of the stock is currently 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.