Wall Street Zen Downgrades Virtu Financial (NYSE:VIRT) to Hold

Key Points

• Analysts at Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" in a recent report.
• Virtu Financial reported $1.27 earnings per share, slightly missing analysts' expectations of $1.28, despite exceeding revenue estimates with $567.72 million for the quarter.
• The stock currently has a market cap of $6.40 billion and a P/E ratio of 9.51, indicating a potentially undervalued status compared to its earnings.

Virtu Financial (NYSE:VIRT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Virtu Financial Stock Performance

Shares of VIRT traded down $0.92 during trading hours on Friday, reaching $40.54. 1,807,430 shares of the company's stock traded hands, compared to its average volume of 785,603. Virtu Financial has a 12 month low of $29.82 and a 12 month high of $45.77. The company has a market cap of $6.20 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.58 and a beta of 0.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.07.

Virtu Financial (NYSE:VIRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.01). The company had revenue of $567.72 million for the quarter, compared to the consensus estimate of $519.17 million. Virtu Financial had a net margin of 11.98% and a return on equity of 37.56%.

About Virtu Financial

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.