Nasdaq (NDAQ) has created a mixed sentiment among investors, with performance indicators showing contrasting trends. The firm exceeded revenue predictions and increased its regular dividend, but saw a notable drop in profit due to economic volatility suppressing IPO activity. Some stakeholders reduced their shares in NDAQ, such as Los Angeles Capital Management LLC and M&T Bank Corp, while others increased their holdings including Johnson Investment Counsel Inc. and Fisher Asset Management LLC. Nasdaq's EVP Bryan Smith made significant insider sales too. Nasdaq has been downgraded to Neutral by Rosenblatt Securities due to concerns about its core listings, following its decision to suspend its crypto-custodian business launch. Despite challenges, Nasdaq showcased strength in its fintech solutions, with Q4 showing profit growth and its YTD stock return exceeding MKTX by 34%. However, it underperformed SCHW by -6.3%. Nasdaq's asset expansion in Asia via its partnership with KKPS signifies future strategic growth despite mixed quarterly performance. Rosenblatt's second downgrade, coupled with a system error impacting stock orders, raised investor concerns leading to Nasdaq's 1.6% drop since their last earnings report.
Nasdaq NDAQ News Analytics from Mon, 26 Jun 2023 07:00:00 GMT to Mon, 13 May 2024 00:56:00 GMT -
Rating 1
- Innovation -3
- Information 6
- Rumor -4
