Nasdaq (NASDAQ:NDAQ) Receives Outperform Rating from Royal Bank of Canada

Nasdaq (NASDAQ:NDAQ)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They currently have a $95.00 price target on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 34.66% from the company’s current price.

Several other analysts also recently weighed in on the stock. Raymond James lifted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. boosted their price objective on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Piper Sandler lifted their target price on Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday. Oppenheimer increased their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Finally, Bank of America lifted their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.88.

Nasdaq Trading Down 2.0 %

Shares of Nasdaq stock traded down $1.44 during trading hours on Thursday, hitting $70.55. The company’s stock had a trading volume of 1,087,462 shares, compared to its average volume of 2,821,878. The stock has a market cap of $40.58 billion, a price-to-earnings ratio of 36.79, a P/E/G ratio of 2.12 and a beta of 1.02. 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 has a twelve month low of $58.10 and a twelve month high of $84.15. The firm has a fifty day moving average of $77.24 and a 200-day moving average of $77.45.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts forecast that Nasdaq will post 3.18 EPS for the current year.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,116 shares of company stock worth $1,434,818. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Olstein Capital Management L.P. raised its position in Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after acquiring an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Nasdaq in the fourth quarter valued at about $274,000. Pacer Advisors Inc. boosted its holdings in Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after buying an additional 23,244 shares in the last quarter. Teacher Retirement System of Texas grew its position in Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 54,535 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after acquiring an additional 9,130 shares during the period. Institutional investors and hedge funds 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.