JPMorgan Chase & Co. Raises Nasdaq (NASDAQ:NDAQ) Price Target to $95.00

Nasdaq (NASDAQ:NDAQ) had its price target upped by equities researchers at JPMorgan Chase & Co. from $88.00 to $95.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 16.51% from the company’s previous close.

Several other equities research analysts have also issued reports on NDAQ. Argus lifted their price target on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their target price on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 9th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Keefe, Bruyette & Woods raised their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.25.

Nasdaq Price Performance

NASDAQ NDAQ traded down $0.20 on Thursday, hitting $81.54. The stock had a trading volume of 309,949 shares, compared to its average volume of 2,710,457. The firm has a 50-day moving average of $79.50 and a 200-day moving average of $74.51. The company has a market capitalization of $46.86 billion, a price-to-earnings ratio of 48.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq has a 52-week low of $54.90 and a 52-week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly 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 return on equity of 14.56% and a net margin of 13.67%. Equities analysts expect that Nasdaq will post 2.81 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nasdaq

A number of hedge funds have recently bought and sold shares of NDAQ. Founders Capital Management purchased a new position in shares of Nasdaq in the fourth quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Nasdaq during the 3rd quarter worth $27,000. Raleigh Capital Management Inc. lifted its position in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. Claro Advisors LLC bought a new position in Nasdaq in the 3rd quarter worth $33,000. Finally, Focused Wealth Management Inc bought a new stake in Nasdaq during the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

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.