Zacks: Brokers expect Nasdaq, Inc. (NASDAQ: NDAQ) to report quarterly sales of $863.00 million
Wall Street analysts expect Nasdaq, Inc. (NASDAQ:NDAQ) to report sales of $863.00 million for the current quarter, according to Zacks Investment Research. Four analysts made Nasdaq earnings estimates. The highest sales estimate is $874.00 million and the lowest is $845.00 million. The Nasdaq reported sales of $788.00 million in the same quarter last year, indicating a positive year-over-year growth rate of 9.5%. The company is expected to release its next results before the market opens on Wednesday, January 26.
On average, analysts expect the Nasdaq to report annual sales of $3.40 billion for the current year, with estimates ranging from $3.38 billion to $3.41 billion. For next year, analysts expect the company to post sales of $3.56 billion, with estimates ranging from $3.50 billion to $3.60 billion. Zacks sales averages are an average based on a survey of research companies that cover the Nasdaq.
A number of stock analysts have weighed in on the company recently. Goldman Sachs Group moved the Nasdaq from a “neutral” rating to a “sell” rating and set a price target of $190.00 for the company. in a report on Tuesday, January 4. Deutsche Bank Aktiengesellschaft reduced its target price on the Nasdaq from $242.00 to $237.00 in a Thursday, January 13 research note. Oppenheimer raised its target price on the Nasdaq from $206.00 to $230.00 and gave the stock an “outperform” rating in a Wednesday, Oct. 13 research note. Bank of America began covering the Nasdaq in a research note on Thursday, December 16. They set a “buy” rating and a target price of $266.00 on the stock. Finally, Rosenblatt Securities lowered its target price on the Nasdaq from $224.00 to $216.00 and set a “neutral” rating on the stock in a Thursday, January 20 research note. One research analyst gave the stock a sell rating, four gave the company a hold rating and eight gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $206.69.
Shares of NASDAQ:NDAQ opened at $176.33 on Tuesday. The stock has a market capitalization of $29.49 billion, a P/E ratio of 25.70, a PEG ratio of 1.98 and a beta of 0.83. The company has a quick ratio of 0.98, a current ratio of 0.98 and a leverage ratio of 0.86. The Nasdaq has a 52-week low of $134.21 and a 52-week high of $214.96. The company has a fifty-day moving average of $200.01 and a two-hundred-day moving average of $196.56.
In related news, Executive Vice President Jeremy Skule sold 865 Nasdaq shares in a trade on Thursday, January 13. The stock was sold at an average price of $193.35, for a total transaction of $167,247.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, Executive Vice President Pc Nelson Griggs sold 1,000 Nasdaq shares in a trade on Thursday, October 28. The stock was sold at an average price of $205.81, for a total value of $205,810.00. The disclosure of this sale can be found here. Insiders sold a total of 3,595 shares of the company worth $732,275 during the last quarter. Insiders of the company hold 0.60% of the shares of the company.
Major investors have recently changed their positions in the company. Delta Capital Management LLC increased its stake in Nasdaq stocks by 1.7% in the third quarter. Delta Capital Management LLC now owns 2,970 shares of the financial services provider worth $573,000 after acquiring 50 additional shares in the last quarter. Signaturefd LLC increased its holdings of Nasdaq shares by 10.6% during the third quarter. Signaturefd LLC now owns 582 shares of the financial services provider valued at $112,000 after buying 56 additional shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings of Nasdaq stocks by 5.2% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,220 shares of the financial services provider valued at $235,000 after buying an additional 60 shares in the last quarter. Ellevest Inc. increased its holdings of Nasdaq stocks by 69.8% during the fourth quarter. Ellevest Inc. now owns 146 shares of the financial services provider valued at $31,000 after buying an additional 60 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings of Nasdaq shares by 3.4% during the second quarter. Manchester Capital Management LLC now owns 1,837 shares of the financial services provider valued at $323,000 after buying 61 additional shares in the last quarter. 71.77% of the shares are held by institutional investors and hedge funds.
About the Nasdaq
Nasdaq, Inc is a holding company engaged in trading, clearing, exchange technology, regulation, securities listing, information and services to public and private companies. It operates through the following segments: Market Services, Corporate Services, Information Services and Market Technology. The Market Services segment includes its equity derivatives trading and clearing, cash equity trading, FICC and transaction management services businesses.
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