Virtu Financial (NASDAQ:VIRT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Tuesday.
Other analysts have also issued research reports about the company. UBS Group reduced their target price on Virtu Financial from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, January 26th. Citigroup increased their target price on Virtu Financial from $21.00 to $22.50 and gave the stock a "buy" rating in a research note on Tuesday, March 26th. Morgan Stanley reduced their target price on Virtu Financial from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, January 29th. Finally, Piper Sandler restated an "overweight" rating and set a $21.00 price target on shares of Virtu Financial in a research note on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $19.92.
Check Out Our Latest Stock Report on VIRT
Virtu Financial Trading Up 0.2 %
VIRT traded up $0.05 during trading on Tuesday, reaching $21.09. The company had a trading volume of 902,700 shares, compared to its average volume of 1,124,503. The stock has a market cap of $3.33 billion, a P/E ratio of 15.06, a PEG ratio of 5.84 and a beta of 0.40. The business has a 50 day simple moving average of $18.21 and a 200-day simple moving average of $18.43. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $21.19. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.23.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.13). Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. The company had revenue of $535.98 million during the quarter, compared to the consensus estimate of $272.96 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities analysts anticipate that Virtu Financial will post 1.79 EPS for the current fiscal year.
Insider Activity
In related news, CEO Douglas A. Cifu bought 50,000 shares of the business's stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $16.21 per share, for a total transaction of $810,500.00. Following the completion of the purchase, the chief executive officer now directly owns 584,132 shares of the company's stock, valued at $9,468,779.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 44.80% of the company's stock.
Hedge Funds Weigh In On Virtu Financial
Several institutional investors and hedge funds have recently added to or reduced their stakes in VIRT. Farther Finance Advisors LLC purchased a new position in Virtu Financial in the second quarter valued at about $25,000. Harbour Investments Inc. acquired a new stake in Virtu Financial in the fourth quarter worth about $25,000. Tower Research Capital LLC TRC boosted its holdings in Virtu Financial by 123.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the financial services provider's stock worth $27,000 after acquiring an additional 883 shares in the last quarter. Quarry LP boosted its holdings in Virtu Financial by 236.4% in the second quarter. Quarry LP now owns 1,581 shares of the financial services provider's stock worth $27,000 after acquiring an additional 1,111 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Virtu Financial by 8,400.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,700 shares of the financial services provider's stock worth $35,000 after acquiring an additional 1,680 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company's stock.
About Virtu Financial
(
Get Free Report)
Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.
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