Nasdaq (NASDAQ:NDAQ) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Nasdaq (NASDAQ:NDAQ) had its price target raised by investment analysts at Keefe, Bruyette & Woods from $92.00 to $97.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 9.36% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Argus upgraded Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Loop Capital set a $113.00 target price on Nasdaq in a report on Friday. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the stock from $105.00 to $106.00 in a report on Thursday, February 26th. Morgan Stanley set a $116.00 price target on Nasdaq and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. upped their price target on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.15.

Nasdaq Stock Up 1.9%

Nasdaq stock traded up $1.66 during mid-day trading on Friday, reaching $88.70. 1,342,584 shares of the company were exchanged, compared to its average volume of 4,138,961. The business has a fifty day moving average of $85.44 and a 200 day moving average of $89.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $50.42 billion, a P/E ratio of 28.67, a PEG ratio of 1.78 and a beta of 1.02. Nasdaq has a 12-month low of $74.11 and a 12-month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.Nasdaq’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. Research analysts anticipate that Nasdaq will post 3.82 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $96.91, for a total value of $29,073,000.00. Following the transaction, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at $186,542,349.73. This represents a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 506,451 shares of company stock valued at $47,142,951. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nasdaq

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NDAQ. Tripletail Wealth Management LLC acquired a new stake in Nasdaq during the 3rd quarter worth about $27,000. Westside Investment Management Inc. grew its position in Nasdaq by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 159 shares during the period. MV Capital Management Inc. purchased a new position in Nasdaq in the 4th quarter valued at about $28,000. West Branch Capital LLC purchased a new position in Nasdaq in the 3rd quarter valued at about $29,000. Finally, Salomon & Ludwin LLC purchased a new position in Nasdaq in the 3rd quarter valued at about $30,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q1 beat on EPS and revenue — Nasdaq reported $0.96 EPS vs. $0.93 consensus and posted double?digit revenue growth year?over?year, with Solutions and FinTech contributing to the upside. This beat is the main catalyst for the stock move. Article Title
• Positive Sentiment: Dividend increase — the board raised the quarterly dividend to $0.31 (a ~14.8% hike), signaling confidence in cash flow and returning capital to shareholders. That supports income?focused demand for the stock. Article Title
• Positive Sentiment: AI and cloud growth driving secular tailwinds — management emphasized AI and cloud adoption across clients as a growth driver for Nasdaq’s data, analytics and technology services, supporting higher-margin recurring revenue. Article Title
• Positive Sentiment: Analyst backdrop is constructive — several firms maintain overweight/buy views and the median price target in recent notes sits well above the current price, providing further support for the rally. Article Title
• Neutral Sentiment: Full earnings materials and call transcript available — investors can review the slide deck and Q&A for forward guidance and segment detail; these materials may refine expectations but didn’t materially change the headline beat. Article Title
• Neutral Sentiment: Mixed institutional flows — recent filings show both large additions and sizable trims by major funds, suggesting interest from active managers but also profit?taking; monitor 13F changes for potential volatility. Article Title
• Negative Sentiment: Notable insider selling — recent disclosures show insider stock sales (including by senior executives), which can be interpreted as a cautionary signal even if sales are for diversification or tax reasons. Article Title

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.