Nasdaq (NDAQ) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of Nasdaq (NASDAQ:NDAQ) from a sell rating to a strong sell rating in a report published on Tuesday.

NDAQ has been the topic of a number of other reports. Zacks Investment Research raised Nasdaq from a sell rating to a buy rating and set a $101.00 price target on the stock in a research note on Tuesday, September 25th. Citigroup dropped their price target on Nasdaq from $95.00 to $93.00 and set a neutral rating on the stock in a research note on Thursday, October 11th. Rosenblatt Securities began coverage on Nasdaq in a research note on Wednesday, September 5th. They set a neutral rating and a $99.00 price target on the stock. Compass Point began coverage on Nasdaq in a research note on Friday, June 22nd. They set a neutral rating and a $100.00 price target on the stock. Finally, Raymond James upped their price target on Nasdaq from $94.00 to $100.00 and gave the stock an outperform rating in a research note on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $96.00.

NDAQ stock opened at $80.21 on Tuesday. Nasdaq has a fifty-two week low of $71.65 and a fifty-two week high of $96.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $13.26 billion, a P/E ratio of 19.74, a PEG ratio of 1.76 and a beta of 0.64.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The business had revenue of $615.00 million for the quarter, compared to the consensus estimate of $620.25 million. During the same period in the prior year, the business earned $1.02 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Nasdaq will post 4.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, September 13th. Nasdaq’s dividend payout ratio is currently 43.35%.

In other Nasdaq news, insider Bradley J. Peterson sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total transaction of $140,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NDAQ. First Hawaiian Bank bought a new position in shares of Nasdaq in the third quarter valued at approximately $101,000. Legacy Advisors LLC bought a new position in shares of Nasdaq in the third quarter valued at approximately $116,000. Cornerstone Wealth Management LLC bought a new position in shares of Nasdaq in the second quarter valued at approximately $122,000. Piedmont Investment Advisors LLC bought a new position in shares of Nasdaq in the second quarter valued at approximately $125,000. Finally, TNB Financial bought a new position in shares of Nasdaq in the second quarter valued at approximately $201,000. 75.67% of the stock is owned by institutional investors.

Nasdaq Company Profile

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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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