Nasdaq (NASDAQ:NDAQ) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
A number of other research analysts also recently issued reports on NDAQ. Bank of America downgraded shares of Nasdaq from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $77.00 to $75.00 in a research report on Monday, October 9th. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $78.00 price target on shares of Nasdaq in a research report on Thursday, October 12th. Royal Bank of Canada set a $78.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research report on Monday, October 16th. Finally, Citigroup raised their price target on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Nasdaq currently has an average rating of “Hold” and an average price target of $81.23.
Nasdaq (NASDAQ:NDAQ) opened at $79.83 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15. Nasdaq has a 52-week low of $65.98 and a 52-week high of $82.15. The stock has a market cap of $13,320.00, a PE ratio of 52.87, a PEG ratio of 1.74 and a beta of 0.79.
In related news, insider Pc Nelson Griggs sold 1,396 shares of Nasdaq stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradley J. Peterson sold 19,169 shares of Nasdaq stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the completion of the sale, the insider now owns 32,214 shares in the company, valued at $2,599,669.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,629 shares of company stock worth $1,809,309. 1.60% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of NDAQ. Sterling Capital Management LLC bought a new stake in Nasdaq in the 2nd quarter valued at about $40,996,000. Ardevora Asset Management LLP bought a new stake in shares of Nasdaq during the 3rd quarter worth about $35,504,000. American Century Companies Inc. bought a new stake in shares of Nasdaq during the 3rd quarter worth about $19,865,000. Perpetual Ltd raised its position in shares of Nasdaq by 132.4% during the 2nd quarter. Perpetual Ltd now owns 437,421 shares of the financial services provider’s stock worth $31,271,000 after buying an additional 249,201 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Nasdaq by 628.6% during the 4th quarter. Bank of Montreal Can now owns 270,150 shares of the financial services provider’s stock worth $20,755,000 after buying an additional 233,073 shares in the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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