Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ – Free Report) had its target price upped by Deutsche Bank Aktiengesellschaft from $115.00 to $116.00 in a research report report published on Monday morning. They currently have a buy rating on the financial services provider’s stock.

Other analysts have also issued reports about the company. Barclays reissued an “overweight” rating and set a $109.00 price target (down from $111.00) on shares of Nasdaq in a research note on Wednesday, October 7th. TD Cowen lowered their price objective on Nasdaq from $108.00 to $107.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler reiterated an “overweight” rating and issued a $108.00 price objective (up from $104.00) on shares of Nasdaq in a report on Friday, October 2nd. Morgan Stanley cut their target price on shares of Nasdaq from $120.00 to $118.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.83.

Get Our Latest Research Report on Nasdaq

Nasdaq Price Performance

Shares of NDAQ traded down $0.51 during trading hours on Monday, reaching $93.78. The stock had a trading volume of 773,075 shares, compared to its average volume of 3,787,797. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq has a 12 month low of $76.55 and a 12 month high of $101.79. The stock has a market capitalization of $52.42 billion, a PE ratio of 27.32, a PEG ratio of 1.67 and a beta of 0.99. The company’s 50-day moving average is $94.77 and its two-hundred day moving average is $90.38.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $0.85 EPS. Nasdaq’s quarterly revenue was up 14.9% compared to the same quarter last year. Research analysts expect that Nasdaq will post 4.13 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, September 11th. Nasdaq’s payout ratio is 36.15%.

Insider Activity

In related news, insider Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley Peterson sold 13,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 44,047 shares of company stock valued at $4,139,191. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Eastern Bank boosted its stake in Nasdaq by 168.0% during the third quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after buying an additional 168 shares during the period. MV Capital Management Inc. purchased a new position in Nasdaq during the fourth quarter worth about $28,000. Fiduciary Financial Advisors bought a new position in Nasdaq in the 2nd quarter worth about $25,000. Reflection Asset Management bought a new position in Nasdaq in the 4th quarter worth about $41,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Nasdaq in the 2nd quarter worth about $37,000. Institutional investors own 72.47% of the company’s stock.

About Nasdaq

(Get Free Report)

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.

Further Reading

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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