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Why Acquire Shares Of Nasdaq Inc. (NDAQ)?

Nasdaq Inc. (NASDAQ:NDAQ) has a beta value of 0.97 and has seen 2.08 million shares traded in the recent trading session. The company, currently valued at $29.90B, closed the recent trade at $56.28 per share which meant it lost -$5.64 on the day or -9.10% during that session. The NDAQ stock price is -22.99% off its 52-week high price of $69.22 and 16.9% above the 52-week low of $46.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.54 million shares traded. The 3-month trading volume is 2.10 million shares.

Nasdaq Inc. (NASDAQ:NDAQ) trade information

Sporting -9.10% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the NDAQ stock price touched $56.28 or saw a rise of 10.37%. Year-to-date, Nasdaq Inc. shares have moved 0.93%, while the 5-day performance has seen it change -2.29%. Over the past 30 days, the shares of Nasdaq Inc. (NASDAQ:NDAQ) have changed 0.67%. Short interest in the company has seen 5.58 million shares shorted with days to cover at 2.92.

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Wall Street analysts have a consensus price target for the stock at $66.91, which means that the shares’ value could jump 15.89% from the levels at last check today. The projected low price target is $55.00 while the price target rests at a high of $84.00. In that case, then, we find that the latest price level in today’s session is -49.25% off the targeted high while a plunge would see the stock lose 2.27% from the levels at last check today.

Nasdaq Inc. (NDAQ) estimates and forecasts

Figures show that Nasdaq Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 8.00% over the past 6 months, with this year growth rate of 6.35%, compared to 5.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 1.60% and 3.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.80%.

10 analysts offering their estimates for the company have set an average revenue estimate of $908.46 million for the current quarter. 6 have an estimated revenue figure of $918.66 million for the next quarter concluding in Mar 2023. Year-ago sales stood $885 million and $892 million respectively for this quarter and the next, and analysts expect sales will grow by 2.70% for the current quarter and 3.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 61.60% over the past 5 years. Earnings growth for 2023 is a modest 26.10% while over the next 5 years, the company’s earnings are expected to increase by 5.70%.

NDAQ Dividends

Nasdaq Inc. is expected to release its next earnings report on January 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.80 at a share yield of 1.29%. The company’s dividend yield has gone up over the past 12 months.

Nasdaq Inc. (NASDAQ:NDAQ)’s Major holders

Insiders own 18.75% of the company shares, while shares held by institutions stand at 77.58% with a share float percentage of 95.48%. Investors are also buoyed by the number of investors in a company, with Nasdaq Inc. having a total of 998 institutions that hold shares in the company. The top two institutional holders are Investor AB with over 58.18 million shares worth more than $2.96 billion. As of Jun 29, 2022, Investor AB held 11.84% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 38.78 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.97 billion and represent 7.89% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are MFS Series Trust I-MFS Value Fund and Vanguard Total Stock Market Index Fund. As of Aug 30, 2022, the former fund manager holds about 3.51% shares in the company for having 17.26 million shares of worth $1.03 billion while later fund manager owns 10.18 million shares of worth $517.42 million as of Jun 29, 2022, which makes it owner of about 2.07% of company’s outstanding stock.

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