Nasdaq (NASDAQ:NDAQ) Price Target Lowered to $80.00 at TD Cowen

Nasdaq (NASDAQ:NDAQ) had its price target cut by analysts at TD Cowen from $81.00 to $80.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price indicates a potential upside of 6.27% from the company’s previous close.

A number of other research firms have also issued reports on NDAQ. Oppenheimer boosted their price target on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America cut their price target on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. UBS Group upped their target price on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.27.

Nasdaq Price Performance

Nasdaq stock traded up $0.59 during midday trading on Monday, hitting $75.28. The company’s stock had a trading volume of 375,075 shares, compared to its average volume of 2,884,800. Nasdaq has a 12 month low of $47.72 and a 12 month high of $75.68. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The stock’s 50-day moving average price is $72.56 and its 200-day moving average price is $65.72. The company has a market capitalization of $43.30 billion, a PE ratio of 39.62, a price-to-earnings-growth ratio of 3.09 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. Analysts anticipate that Nasdaq will post 2.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nasdaq

A number of institutional investors have recently modified their holdings of NDAQ. Y.D. More Investments Ltd lifted its stake in shares of Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new stake in Nasdaq during the 2nd quarter worth about $26,000. Crewe Advisors LLC lifted its position in Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares during the period. LRI Investments LLC bought a new position in Nasdaq in the first quarter valued at approximately $31,000. Finally, Claro Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter worth $33,000. 72.47% of the stock is owned by institutional investors.

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.