Nasdaq, Inc. (NASDAQ:NDAQ) Sees Significant Increase in Short Interest

Nasdaq, Inc. (NASDAQ:NDAQGet Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 5,220,000 shares, a growth of 24.9% from the January 31st total of 4,180,000 shares. Based on an average trading volume of 2,440,000 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Ratings Changes

Several analysts have issued reports on NDAQ shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $82.00 price target on shares of Nasdaq in a research report on Thursday, February 1st. Citigroup upped their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Oppenheimer upped their price objective on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. UBS Group upped their price objective on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Piper Sandler upped their price objective on shares of Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Hold” and an average price target of $62.20.

Check Out Our Latest Report on NDAQ

Nasdaq Stock Performance

Shares of NDAQ stock traded up $0.44 on Monday, hitting $56.97. The company’s stock had a trading volume of 3,621,282 shares, compared to its average volume of 2,444,250. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day moving average is $56.87 and its 200-day moving average is $53.72. Nasdaq has a fifty-two week low of $46.88 and a fifty-two week high of $60.72. The company has a market capitalization of $32.77 billion, a PE ratio of 27.00, a PEG ratio of 2.62 and a beta of 0.92.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. Equities research analysts expect that Nasdaq will post 2.72 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.54%. Nasdaq’s dividend payout ratio (DPR) is currently 41.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $25,000. Loomis Sayles & Co. L P acquired a new stake in Nasdaq in the 3rd quarter valued at $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Nasdaq in the 4th quarter valued at $29,000. Mango Five Family Inc. acquired a new stake in Nasdaq in the 4th quarter valued at $31,000. Finally, Carmel Capital Partners LLC acquired a new stake in Nasdaq in the 3rd quarter valued at $32,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Company Profile

(Get Free Report)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

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