Nasdaq (NASDAQ:NDAQ) Given New $105.00 Price Target at Bank of America

Nasdaq (NASDAQ:NDAQ) had its price objective raised by stock analysts at Bank of America from $103.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price target suggests a potential upside of 34.67% from the stock’s current price.

Several other research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Oppenheimer raised their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Citigroup upped their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.94.

Nasdaq Stock Up 2.5 %

NDAQ traded up $1.93 on Wednesday, reaching $77.97. 1,242,718 shares of the company traded hands, compared to its average volume of 2,751,029. The company has a market cap of $44.84 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock’s 50 day moving average price is $78.98 and its 200-day moving average price is $77.68. Nasdaq has a 52-week low of $58.10 and a 52-week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, sell-side analysts expect that Nasdaq will post 3.18 EPS for the current fiscal year.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the 4th quarter worth about $26,000. Founders Capital Management bought a new stake in Nasdaq during the fourth quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth approximately $33,000. Raleigh Capital Management Inc. raised its stake in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $37,000. 72.47% of the stock is owned by institutional investors.

About Nasdaq

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.