Nasdaq Inc (NASDAQ:NDAQ) shares traded 1.43% higher at $62.23 on Wall Street last session.
NDAQ stock price is now 2.22% away from the 50-day moving average and 12.63% away from the 200-day moving average. The market capitalization of the company currently stands at $35.88B.
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With the price target reduced from $76 to $64, Rosenblatt Downgraded its rating from Buy to Neutral for Nasdaq Inc (NASDAQ: NDAQ). On April 11, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $76, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Smith Bryan Everard, Executive Vice President sold 3,036 shares of the company’s stock on May 01 ’24. The stock was sold for $181,826 at an average price of $59.89. Upon completion of the transaction, the Executive Vice President now directly owns 58,636 shares in the company, valued at $3.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Executive Vice President Smith Bryan Everard sold 7,400 shares of the business’s stock. A total of $465,534 was realized by selling the stock at an average price of $62.91. This leaves the insider owning 61,672 shares of the company worth $3.84 million. A total of 33.38% of the company’s stock is owned by insiders.
During the past 12 months, Nasdaq Inc has had a low of $46.88 and a high of $64.25.
According to the Financial Data & Stock Exchanges Company, earnings per share came in at 0.71, beating analysts’ expectations of 0.66 by 0.05. This compares to $0.61 EPS in the same period last year. The net profit margin was 15.98% and return on equity was 11.69% for NDAQ. The company reported revenue of $1.67 billion for the quarter, compared to $1.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.2 percent. For the current quarter, analysts expect NDAQ to generate $1.12B in revenue.
