StockNews.com assumed coverage on shares of Nasdaq (NASDAQ:NDAQ – Get Rating) in a report issued on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.
A number of other brokerages have also commented on NDAQ. Piper Sandler cut their price target on Nasdaq from $73.33 to $70.00 and set an overweight rating for the company in a report on Thursday, January 26th. Rosenblatt Securities cut their target price on Nasdaq from $84.00 to $82.00 and set a buy rating for the company in a research note on Thursday, January 26th. The Goldman Sachs Group upped their target price on Nasdaq from $50.00 to $55.00 and gave the company a sell rating in a research note on Monday, November 28th. Keefe, Bruyette & Woods cut their target price on Nasdaq from $73.00 to $67.00 and set an outperform rating for the company in a research note on Thursday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lowered Nasdaq from a buy rating to a hold rating and cut their target price for the company from $72.00 to $60.00 in a research note on Thursday, January 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Nasdaq currently has a consensus rating of Hold and a consensus price target of $64.74.
Nasdaq Stock Down 0.7 %
Shares of NDAQ stock opened at $52.75 on Thursday. Nasdaq has a 12 month low of $46.77 and a 12 month high of $69.22. The firm has a market cap of $25.79 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 4.32 and a beta of 0.96. The stock has a 50 day moving average of $58.50 and a 200-day moving average of $60.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.77.
Nasdaq Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, March 16th. Nasdaq’s dividend payout ratio (DPR) is 35.50%.
Insider Buying and Selling at Nasdaq
In other news, EVP Bryan Everard Smith sold 6,000 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $57.06, for a total transaction of $342,360.00. Following the sale, the executive vice president now owns 56,083 shares in the company, valued at $3,200,095.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michelle Lynn Daly sold 1,998 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $59.55, for a total transaction of $118,980.90. Following the sale, the insider now owns 8,971 shares in the company, valued at $534,223.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 6,000 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $57.06, for a total value of $342,360.00. Following the sale, the executive vice president now owns 56,083 shares in the company, valued at approximately $3,200,095.98. The disclosure for this sale can be found here. Insiders have sold 14,298 shares of company stock worth $839,614 over the last three months. Company insiders own 0.68% of the company’s stock.
Institutional Trading of Nasdaq
Several large investors have recently made changes to their positions in NDAQ. Cresset Asset Management LLC boosted its holdings in Nasdaq by 4.5% in the first quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 74 shares during the last quarter. Horizon Investments LLC boosted its holdings in Nasdaq by 8.3% in the first quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 86 shares during the last quarter. Ibex Wealth Advisors boosted its holdings in Nasdaq by 0.3% in the second quarter. Ibex Wealth Advisors now owns 32,853 shares of the financial services provider’s stock valued at $5,011,000 after acquiring an additional 93 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Nasdaq by 0.6% in the second quarter. Mutual of America Capital Management LLC now owns 15,722 shares of the financial services provider’s stock valued at $2,398,000 after acquiring an additional 101 shares during the last quarter. Finally, Brinker Capital Investments LLC boosted its holdings in Nasdaq by 0.4% in the first quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock valued at $5,247,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 73.01% of the company’s stock.
About Nasdaq
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.
Further Reading
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