Oppenheimer Research Analysts Decrease Earnings Estimates for Nasdaq, Inc. (NASDAQ:NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQGet Rating) – Research analysts at Oppenheimer decreased their FY2022 earnings estimates for shares of Nasdaq in a research note issued on Wednesday, January 18th. Oppenheimer analyst O. Lau now forecasts that the financial services provider will post earnings per share of $2.66 for the year, down from their prior forecast of $2.68. The consensus estimate for Nasdaq’s current full-year earnings is $2.68 per share. Oppenheimer also issued estimates for Nasdaq’s Q4 2022 earnings at $0.64 EPS.

A number of other analysts have also weighed in on NDAQ. Citigroup initiated coverage on Nasdaq in a research note on Tuesday, October 11th. They set a “neutral” rating and a $62.00 price objective for the company. Credit Suisse Group raised their price target on shares of Nasdaq from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, January 17th. Rosenblatt Securities boosted their price target on Nasdaq from $80.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 20th. Morgan Stanley boosted their price target on Nasdaq from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, January 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Nasdaq from $75.00 to $72.00 in a report on Wednesday, January 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $67.38.

Nasdaq Trading Down 0.6 %

NASDAQ NDAQ opened at $61.92 on Monday. Nasdaq has a 1-year low of $46.77 and a 1-year high of $69.22. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $63.58 and a 200-day moving average of $60.90. The firm has a market cap of $30.42 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 5.42 and a beta of 0.96.

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 13,596 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $65.00, for a total transaction of $883,740.00. Following the sale, the executive vice president now owns 122,169 shares of the company’s stock, valued at $7,940,985. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Bradley J. Peterson sold 13,596 shares of Nasdaq stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $65.00, for a total transaction of $883,740.00. Following the completion of the transaction, the executive vice president now directly owns 122,169 shares in the company, valued at $7,940,985. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Skule sold 2,100 shares of Nasdaq stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $60.45, for a total transaction of $126,945.00. Following the transaction, the executive vice president now owns 74,667 shares of the company’s stock, valued at $4,513,620.15. The disclosure for this sale can be found here. Insiders sold a total of 19,896 shares of company stock worth $1,277,784 in the last three months. 0.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

Several hedge funds have recently added to or reduced their stakes in NDAQ. CI Investments Inc. grew its position in Nasdaq by 3,142.9% during the 3rd quarter. CI Investments Inc. now owns 454 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 440 shares during the last quarter. International Assets Investment Management LLC bought a new position in Nasdaq during the 4th quarter valued at about $26,000. Cambridge Trust Co. boosted its holdings in Nasdaq by 83.9% in the third quarter. Cambridge Trust Co. now owns 480 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter. Venture Visionary Partners LLC bought a new stake in shares of Nasdaq in the second quarter worth $28,000. Finally, Allworth Financial LP increased its position in shares of Nasdaq by 838.5% during the 3rd quarter. Allworth Financial LP now owns 488 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 436 shares during the last quarter. 73.01% of the stock is owned by institutional investors.

Nasdaq Company Profile

(Get Rating)

Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services.

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Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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