Nasdaq (NASDAQ:NDAQ) Stock Gets Price Target Boost from JPMorgan Chase & Co.

Nasdaq (NASDAQ:NDAQ) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $120.00 to $122.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 18.29% from the stock’s previous close.

A number of other research firms also recently commented on NDAQ. Raymond James Financial dropped their price target on Nasdaq from $119.00 to $109.00 in a research note on Friday, October 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $108.00 target price (up from $104.00) on shares of Nasdaq in a report on Friday, October 2nd. Rothschild & Co Redburn cut their price target on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Zacks Research lowered Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.06.

Nasdaq Stock Performance

Shares of Nasdaq stock traded down $0.16 on Friday, hitting $103.14. The stock had a trading volume of 1,157,465 shares, compared to its average volume of 3,774,748. The business’s 50 day moving average is $94.75 and its two-hundred day moving average is $90.97. The stock has a market cap of $57.65 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. Nasdaq has a twelve month low of $76.55 and a twelve month high of $104.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $0.88 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Analysts forecast that Nasdaq will post 4.13 EPS for the current year.

Insider Activity

In related news, EVP Jeremy Skule sold 1,125 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $95.00, for a total transaction of $106,875.00. Following the completion of the transaction, the executive vice president owned 96,561 shares in the company, valued at approximately $9,173,295. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nelson Griggs sold 11,010 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction 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. This represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 26,520 shares of company stock valued at $2,520,957. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

Large investors have recently added to or reduced their stakes in the company. Eastern Bank increased its stake in shares of Nasdaq by 168.0% in the third quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Compass Wealth Management LLC purchased a new stake in shares of Nasdaq in the third quarter worth $29,000. Fiduciary Financial Advisors bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. purchased a new position in Nasdaq in the 2nd quarter worth approximately $37,000. Finally, Signature Equity Partners LLC grew its position in Nasdaq by 60.3% in the first quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations: Nasdaq reported adjusted EPS of $1.04, ahead of the $1.02 consensus and up from $0.88 a year earlier. Net revenue rose 13% year over year to approximately $1.5 billion, while total reported revenue was $2.39 billion. Nasdaq Q3 Results
• Positive Sentiment: Recurring revenue and growth businesses strengthened: Annualized recurring revenue reached a record $3.4 billion, solutions revenue increased 17% to about $1.2 billion, and index revenue jumped 39%. Management also cited double-digit growth in fintech and technology businesses, supporting confidence in future cash flow and margins. NDAQ Q3 Earnings Analysis
• Positive Sentiment: Analyst sentiment remains supportive: RBC Capital Markets initiated or reiterated a Buy view after the results, while Wells Fargo raised its price target from $100 to $111 but maintained an Equal Weight rating. The new target implies further upside from the referenced trading level. RBC Capital Markets Rating
• Neutral Sentiment: Quarterly dividend declared: Nasdaq maintained a $0.31-per-share quarterly dividend, payable December 18 to shareholders of record December 4. The dividend supports shareholder returns but was not announced as an increase. Nasdaq Dividend Announcement
• Negative Sentiment: Insider selling is a modest cautionary signal: EVP Jeremy Skule sold 1,125 shares for approximately $106,875, reducing his ownership by 1.15%. The transaction is small relative to his remaining stake, but broader recent insider activity has been weighted toward selling. SEC Insider Filing

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.