Nasdaq (NASDAQ:NDAQ) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Nasdaq (NASDAQ:NDAQ) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Wednesday,Benzinga reports. The firm presently has a $98.00 price objective on the financial services provider’s stock, up from their prior price objective of $80.00. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 28.34% from the company’s current price.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group lifted their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. William Blair started coverage on Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Oppenheimer raised their price objective on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Argus boosted their price target on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.60.

Nasdaq Price Performance

NASDAQ NDAQ opened at $76.36 on Wednesday. The company has a market cap of $43.89 billion, a PE ratio of 45.72, a P/E/G ratio of 3.12 and a beta of 0.98. The firm’s 50 day moving average price is $79.10 and its 200-day moving average price is $72.52. 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 52-week low of $54.90 and a 52-week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results 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 the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. Sell-side analysts forecast that Nasdaq will post 2.79 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Large investors have recently bought and sold shares of the business. Y.D. More Investments Ltd lifted its position in Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Nasdaq during the third quarter worth about $27,000. Claro Advisors LLC acquired a new position in Nasdaq in the 3rd quarter valued at about $33,000. Focused Wealth Management Inc purchased a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $35,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Nasdaq during the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

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.