Barclays Has Lowered Expectations for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ) had its target price cut by investment analysts at Barclays from $95.00 to $87.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 31.02% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Citigroup raised their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. UBS Group increased their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Raymond James increased their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Oppenheimer raised their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.88.

Nasdaq Stock Down 2.0 %

NDAQ stock opened at $66.40 on Monday. The company’s 50 day moving average price is $77.65 and its 200 day moving average price is $77.51. The firm has a market capitalization of $38.19 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. 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 announced its quarterly earnings data 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%. On average, equities research analysts anticipate that Nasdaq will post 3.18 EPS for the current fiscal year.

Insider Activity

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq 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 in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,116 shares of company stock valued at $1,434,818. Insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in Nasdaq by 11.9% during the first quarter. Rhumbline Advisers now owns 943,283 shares of the financial services provider’s stock worth $71,557,000 after purchasing an additional 100,604 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Nasdaq by 75.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,890 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 2,974 shares during the period. GAMMA Investing LLC increased its position in Nasdaq by 7,367.6% during the 1st quarter. GAMMA Investing LLC now owns 1,129,328 shares of the financial services provider’s stock worth $85,671,000 after purchasing an additional 1,114,205 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Nasdaq by 11.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 5,738 shares of the financial services provider’s stock worth $435,000 after buying an additional 608 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Nasdaq by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 638,867 shares of the financial services provider’s stock valued at $49,391,000 after buying an additional 9,178 shares during the period. Hedge funds and other institutional investors 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.