Nasdaq Inc. (NASDAQ: NDAQ) is -16.33% lower on its value in year-to-date trading and has touched a low of $46.77 and a high of $71.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NDAQ stock was last observed hovering at around $59.20 in the last trading session, with the day’s loss setting it -0.63% off its average median price target of $66.00 for the next 12 months. It is also 27.09% off the consensus price target high of $80.33 offered by 17 analysts, but current levels are -170.28% lower than the price target low of $21.67 for the same period.
Currently trading at $58.57, the stock is -4.34% and -2.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing -1.06% at the moment leaves the stock 0.82% off its SMA200. NDAQ registered -8.44% loss for a year compared to 6-month gain of -1.01%.
The stock witnessed a -5.45% loss in the last 1 month and extending the period to 3 months gives it a 14.39%, and is -5.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 1.99% over the month.
Nasdaq Inc. (NDAQ) has around 6214 employees, a market worth around $28.82B and $5.91B in sales. Current P/E ratio is 25.95 and Fwd P/E is 20.83. Profit margin for the company is 19.30%. Distance from 52-week low is 25.23% and -18.26% from its 52-week high. The company has generated returns on investments over the last 12 months (9.60%).
Nasdaq Inc. (NDAQ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nasdaq Inc. (NDAQ) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Nasdaq Inc. is expected to release its quarterly report on 10/19/2022.The EPS is expected to grow by 26.10% this year
Nasdaq Inc. (NDAQ) Top Institutional Holders
The shares outstanding are 492.24M, and float is at 340.92M with Short Float at 2.09%.
Nasdaq Inc. (NDAQ) Insider Activity
A total of 50 insider transactions have happened at Nasdaq Inc. (NDAQ) in the last six months, with sales accounting for 27 and purchases happening 23 times. The most recent transaction is an insider sale by DENNISON ANN M, the company’s Executive Vice President. SEC filings show that DENNISON ANN M sold 6,500 shares of the company’s common stock on Sep 08 at a price of $62.00 per share for a total of $0.4 million. Following the sale, the insider now owns 50345.0 shares.
Nasdaq Inc. disclosed in a document filed with the SEC on Sep 07 that Peterson Bradley J (Executive Vice President) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Sep 07 and was made at $61.67 per share for $0.74 million. Following the transaction, the insider now directly holds 0.14 million shares of the NDAQ stock.
Still, SEC filings show that on Aug 22, SKULE JEREMY (Executive Vice President) disposed off 700 shares at an average price of $186.13 for $0.13 million. The insider now directly holds 20,227 shares of Nasdaq Inc. (NDAQ).
Nasdaq Inc. (NDAQ): Who are the competitors?
The company’s main competitors (and peers) include CME Group Inc. (CME) that is trading -0.64% down over the past 12 months and Intercontinental Exchange Inc. (ICE) that is -19.81% lower over the same period.