Rosenblatt Securities Maintains Their Hold Rating on Nasdaq (NDAQ)

Rosenblatt Securities analyst Sean Horgan maintained a Hold rating on Nasdaq (NDAQ) on September 13 and set a price target of $120.00. The company’s shares closed last Tuesday at $128.16, close to its 52-week high of $137.94.

Currently, the analyst consensus on Nasdaq is a Moderate Buy with an average price target of $134.92.

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Based on Nasdaq’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.4 billion and net profit of $241 million. In comparison, last year the company earned revenue of $1.06 billion and had a net profit of $174 million.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NDAQ in relation to earlier this year.

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Nasdaq, Inc. is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information and public & private company services. It operates through the following segments: Market Services, Corporate Services, Information Services and Market Technology. The Market Services segment includes its equity derivative trading and clearing, cash equity trading, FICC and trade management services businesses. The Corporate Services segment includes its corporate solutions and listing services businesses. The Information Services segment includes data products, index licensing and services businesses. The Market Technology segment is a global technology solutions provider and partner to exchanges, clearing organizations, central securities depositories, regulators, banks, brokers and corporate businesses. The company was founded by Gordon S. Macklin in 1971 and is headquartered in New York, NY.

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