StockNews.com Downgrades Nasdaq (NASDAQ:NDAQ) to Sell

Nasdaq (NASDAQ:NDAQ) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

NDAQ has been the subject of several other reports. The Goldman Sachs Group raised their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, November 11th. TD Cowen dropped their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Piper Sandler lifted their target price on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Oppenheimer increased their price target on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Performance

NASDAQ NDAQ traded up $0.38 on Tuesday, hitting $80.16. 1,865,291 shares of the stock traded hands, compared to its average volume of 2,876,373. The firm has a market capitalization of $46.07 billion, a price-to-earnings ratio of 48.00, a PEG ratio of 3.07 and a beta of 0.95. The business’s fifty day moving average is $74.62 and its two-hundred day moving average is $67.73. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq has a 12 month low of $53.36 and a 12 month high of $80.77.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. As a group, equities analysts anticipate that Nasdaq will post 2.78 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s 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 of the company’s stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock valued at $2,860,902 in the last 90 days. Insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Several large investors have recently bought and sold shares of NDAQ. Price T Rowe Associates Inc. MD lifted its stake in shares of Nasdaq by 12.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after purchasing an additional 57,900 shares during the period. Swedbank AB bought a new stake in shares of Nasdaq during the 1st quarter valued at $2,595,000. Diversified Trust Co boosted its holdings in shares of Nasdaq by 45.2% during the 2nd quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock valued at $1,736,000 after buying an additional 8,974 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Nasdaq by 52.7% in the 1st quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock worth $1,907,000 after buying an additional 10,427 shares during the period. Finally, American International Group Inc. increased its stake in shares of Nasdaq by 10.6% in the 1st quarter. American International Group Inc. now owns 102,770 shares of the financial services provider’s stock worth $6,485,000 after acquiring an additional 9,887 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Company Profile

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.