Nasdaq (NDAQ) Upgraded at BidaskClub

Nasdaq (NASDAQ:NDAQ) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other equities analysts have also recently commented on NDAQ. Barclays reduced their price objective on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $78.00 price objective on shares of Nasdaq in a research note on Thursday, October 12th. Royal Bank of Canada set a $78.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research note on Monday, October 16th. Finally, Citigroup boosted their price target on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Nasdaq has a consensus rating of “Hold” and a consensus price target of $80.09.

Shares of Nasdaq (NASDAQ:NDAQ) opened at $80.46 on Friday. Nasdaq has a 12-month low of $65.98 and a 12-month high of $81.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $13,420.00, a P/E ratio of 53.28, a PEG ratio of 2.06 and a beta of 0.79.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company had revenue of $607.00 million for the quarter, compared to analyst estimates of $599.84 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. sell-side analysts expect that Nasdaq will post 4.18 EPS for the current year.

In other Nasdaq news, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Nasdaq by 2.7% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock worth $25,969,000 after acquiring an additional 8,695 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Nasdaq by 2.9% in the 2nd quarter. M&T Bank Corp now owns 15,246 shares of the financial services provider’s stock worth $1,090,000 after acquiring an additional 431 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Nasdaq by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 404,761 shares of the financial services provider’s stock worth $28,936,000 after acquiring an additional 5,861 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Nasdaq by 67.5% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 95,500 shares of the financial services provider’s stock worth $6,827,000 after acquiring an additional 38,500 shares during the last quarter. Finally, Sapience Investments LLC bought a new stake in shares of Nasdaq in the 2nd quarter worth approximately $1,358,000. 75.74% of the stock is owned by institutional investors and hedge funds.

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About Nasdaq

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

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