The price of Nasdaq Inc (NASDAQ:NDAQ) shares last traded on Wall Street rose 1.81% to $69.15.
NDAQ stock price is now 13.11% away from the 50-day moving average and 19.46% away from the 200-day moving average. The market capitalization of the company currently stands at $39.87B.
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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, Argus Seller, LP, 10% Owner sold 42,804,207 shares of the company’s stock on Jul 29 ’24. The stock was sold for $2,764,295,688 at an average price of $64.58. Upon completion of the transaction, the 10% Owner now directly owns 42,804,207 shares in the company, valued at $2.96 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Executive Vice President Smith Bryan Everard sold 3,036 shares of the business’s stock. A total of $181,826 was realized by selling the stock at an average price of $59.89. This leaves the insider owning 58,636 shares of the company worth $4.05 million. A total of 35.71% 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 $68.40. According to the stock market information, the enterprise value for the company is $48775086080, which is based on a 39.73 price-to-earnings ratio, a 4.79 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for NDAQ is $61.2716 and a two-hundred day moving average price translates $57.98465 for the stock.
The latest earnings results from Nasdaq Inc (NASDAQ: NDAQ) was released for 2024-06-30. The net profit margin was 14.42% and return on equity was 11.05% 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.
