Nasdaq (NASDAQ:NDAQ) Price Target Cut to $87.00 by Analysts at Barclays

Nasdaq (NASDAQ:NDAQ) had its price objective dropped by analysts at Barclays from $95.00 to $87.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 27.01% from the stock’s previous close.

Several other equities analysts have also issued reports on NDAQ. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Oppenheimer increased their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Raymond James upped their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average price target of $87.44.

Nasdaq Trading Up 0.4 %

Shares of NASDAQ NDAQ traded up $0.25 during mid-day trading on Monday, reaching $68.50. 1,650,093 shares of the company’s stock were exchanged, compared to its average volume of 2,775,587. The firm has a market capitalization of $39.40 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq has a 52-week low of $58.10 and a 52-week high of $84.15. The company’s 50-day moving average is $78.53 and its 200-day moving average is $77.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Analysts expect that Nasdaq will post 3.18 EPS for the current fiscal year.

Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Large investors have recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Nasdaq during the fourth quarter worth about $26,000. Founders Capital Management purchased a new position in shares of Nasdaq during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. boosted its stake in shares of 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 buying an additional 225 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Nasdaq during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

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.