Nasdaq (NASDAQ:NDAQ) PT Lowered to $239.00 at Morgan Stanley

Nasdaq (NASDAQ:NDAQGet Rating) had its price objective cut by research analysts at Morgan Stanley from $245.00 to $239.00 in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 43.24% from the company’s previous close.

Several other research analysts also recently issued reports on NDAQ. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nasdaq from $210.00 to $207.00 and set a “buy” rating for the company in a research note on Thursday. Rosenblatt Securities lifted their target price on shares of Nasdaq from $199.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group cut shares of Nasdaq from a “neutral” rating to a “sell” rating and set a $190.00 target price for the company. in a research note on Tuesday, January 4th. Finally, Argus raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Monday, February 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $213.17.

Shares of Nasdaq stock opened at $166.85 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.94 and a quick ratio of 0.94. Nasdaq has a 1 year low of $156.72 and a 1 year high of $214.96. The company has a market capitalization of $27.43 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.87 and a beta of 0.90. The business has a 50 day moving average price of $174.97 and a 200 day moving average price of $189.93.

Nasdaq (NASDAQ:NDAQGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.02. Nasdaq had a return on equity of 19.78% and a net margin of 20.14%. The firm had revenue of $892.00 million during the quarter, compared to the consensus estimate of $892.18 million. During the same period in the previous year, the firm posted $1.96 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts expect that Nasdaq will post 7.92 EPS for the current fiscal year.

In related news, EVP Bradley J. Peterson sold 7,500 shares of the company’s stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $163.79, for a total transaction of $1,228,425.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lauren B. Dillard sold 2,500 shares of the company’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $180.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC lifted its holdings in Nasdaq by 131.1% in the 1st quarter. Lindbrook Capital LLC now owns 141 shares of the financial services provider’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Riverview Trust Co acquired a new position in Nasdaq in the 1st quarter worth $30,000. Ellevest Inc. lifted its holdings in Nasdaq by 69.8% in the 4th quarter. Ellevest Inc. now owns 146 shares of the financial services provider’s stock worth $31,000 after buying an additional 60 shares in the last quarter. Mascoma Wealth Management LLC acquired a new position in Nasdaq in the 4th quarter worth $37,000. Finally, Whittier Trust Co. lifted its holdings in Nasdaq by 85.1% in the 4th quarter. Whittier Trust Co. now owns 174 shares of the financial services provider’s stock worth $37,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Nasdaq Company Profile (Get Rating)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions.

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