UBS Group Issues Positive Forecast for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ) had its price objective boosted by equities research analysts at UBS Group from $79.00 to $89.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential upside of 8.17% from the company’s previous close.

A number of other equities analysts have also recently issued reports on NDAQ. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday. William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating for the company. Raymond James raised their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Morgan Stanley boosted their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Barclays decreased their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Up 0.7 %

NDAQ stock traded up $0.55 during mid-day trading on Thursday, reaching $82.28. The company had a trading volume of 2,948,802 shares, compared to its average volume of 2,853,899. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $47.29 billion, a price-to-earnings ratio of 49.27, a PEG ratio of 2.77 and a beta of 0.98. Nasdaq has a 52 week low of $54.90 and a 52 week high of $83.77. The stock has a 50 day simple moving average of $79.50 and a two-hundred day simple moving average of $74.51.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. As a group, equities analysts predict that Nasdaq will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,817 shares of company stock valued at $2,330,033 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Institutional investors have recently modified their holdings of the business. Citizens Financial Group Inc. RI increased its position in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 137 shares during the last quarter. Allworth Financial LP boosted its position in Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 141 shares during the period. First Pacific Financial grew its holdings in Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 142 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 148 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds 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.