Nasdaq (NASDAQ:NDAQ) Target Raised by Citigroup Inc. – 3 stars to $203.00

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Nasdaq stock has undergone multiple analysts rating changes in the recent past.  Nasdaq stock Target Raised by Citigroup Inc. – 3 stars on 10/19/2021. In a note to investors, the firm issued a new target price of $203.00. The analysts previously had $193.00 target price. Citigroup Inc. – 3 stars’s price target would indicate a potential upside of -0.24% from the stock’s previous close.

Shares of Nasdaq traded up $0.88 on monday, reaching $204.37. 56344 shares of the stock traded hands, compared to its average volume of 743109. On monday, Shares of Nasdaq closed at $204.37. The firm’s 50 day moving average is $194.19 and its 200 day moving average is $167.72.Nasdaq  has a 12 month low of $119.76 and a 12 month high of $205.38. While on yearly highs and lows, Nasdaq today has traded high as $205.38 and has touched $204.00 on the downward trend.

Nasdaq Earnings and What to expect: 

Nasdaq last posted its quarterly earnings data on July 20th, 2021. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.17. The firm had revenue of $846 million for the quarter, compared to the consensus estimate of $825.84 million. Its revenue for the quarter was up 21.0% on a year-over-year basis. Nasdaq has generated $6.18 earnings per share over the last year ($6.75 diluted earnings per share) and currently has a price-to-earnings ratio of 30.1. Earnings for Nasdaq are expected to grow by 3.68% in the coming year, from $7.34 to $7.61 per share. Nasdaq has confirmed that its next quarterly earnings report will be published on Wednesday, October 20th, 2021. Nasdaq will be holding an earnings conference call on Wednesday, October 20th at 8:00 AM Eastern. Interested parties can .

Earnings for Nasdaq are expected to grow by 3.68% in the coming year, from $7.34 to $7.61 per share. The P/E ratio of Nasdaq is 30.15, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.14. The P/E ratio of Nasdaq is 30.15, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.71. Nasdaq has a P/B Ratio of 5.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Nasdaq (NASDAQ:NDAQ) Moving Average Technical Analysis

5 day Moving Average is $$200.41 And 5 day price change is $5.81 (2.94%)  with average volume for 5 day average is 739,800. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $196.01 and 20 day price change is $12.51 (6.55%) and average 20 day moving volume is 815,070. 50 day moving average is $194.19  and 50 day price change is $14.77 ( 7.83%)  and with average volume for 50 days is : 654,034. 200 day moving average is $167.72  and 200 day price change is $70.75 (53.30%)  and with average volume for 200 days is : 787,341.

Other owners latest trading in Nasdaq :

  • On 10/19/2021 shares held by First Pacific Financial were 4,256 which equates to market value of $0.82M and appx 0.40% owners of Nasdaq
  • On 10/18/2021 shares held by Raymond James Trust N.A. were 2,988 which equates to market value of $0.58M and appx 0.00% owners of Nasdaq
  • On 10/18/2021 shares held by Heartland Bank & Trust Co were 1,649 which equates to market value of $0.32M and appx 0.30% owners of Nasdaq
  • In total Institutional ownership equates to Institutional Ownership Percentage: 71.40% for Nasdaq

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