Deutsche Bank Aktiengesellschaft Boosts Nasdaq (NASDAQ:NDAQ) Price Target to $72.00

Nasdaq (NASDAQ:NDAQ) had its price target hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from $66.00 to $72.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 3.49% from the stock’s previous close.

NDAQ has been the subject of a number of other reports. Barclays increased their price target on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Argus boosted their target price on Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. StockNews.com downgraded Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, Rosenblatt Securities cut Nasdaq from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.54.

Nasdaq Trading Up 0.4 %

NDAQ traded up $0.27 on Thursday, hitting $69.57. 883,961 shares of the company were exchanged, compared to its average volume of 2,998,336. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.94. The firm has a fifty day simple moving average of $62.69 and a two-hundred day simple moving average of $60.72. The stock has a market capitalization of $40.02 billion, a PE ratio of 36.57, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. Nasdaq has a 12 month low of $46.88 and a 12 month high of $70.01.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. Sell-side analysts expect that Nasdaq will post 2.73 earnings per share for the current year.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Maverick Capital Ltd. raised its holdings in shares of Nasdaq by 24.4% during the 2nd quarter. Maverick Capital Ltd. now owns 783,000 shares of the financial services provider’s stock worth $47,184,000 after acquiring an additional 153,807 shares in the last quarter. MBB Public Markets I LLC raised its stake in Nasdaq by 609.1% during the second quarter. MBB Public Markets I LLC now owns 29,237 shares of the financial services provider’s stock valued at $1,762,000 after purchasing an additional 25,114 shares in the last quarter. DoubleLine ETF Adviser LP grew its stake in shares of Nasdaq by 8.2% in the 2nd quarter. DoubleLine ETF Adviser LP now owns 6,287 shares of the financial services provider’s stock worth $379,000 after buying an additional 479 shares in the last quarter. Dundas Partners LLP increased its holdings in shares of Nasdaq by 1.0% in the 2nd quarter. Dundas Partners LLP now owns 500,759 shares of the financial services provider’s stock worth $30,176,000 after buying an additional 4,765 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Nasdaq by 1.9% during the 2nd quarter. Squarepoint Ops LLC now owns 124,949 shares of the financial services provider’s stock valued at $7,529,000 after buying an additional 2,302 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

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.