NASDAQ:VRTUVirtusa Stock Price, Forecast & News

Virtusa's stock was trading at $37.76 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, VRTU shares have decreased by 18.8% and is now trading at $30.67. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtusa in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Virtusa.

Virtusa is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Virtusa.

Virtusa Co. (NASDAQ:VRTU) released its quarterly earnings results on Wednesday, May, 13th. The information technology services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.56 by $0.15. The information technology services provider earned $329.65 million during the quarter, compared to the consensus estimate of $329.97 million. Virtusa had a return on equity of 14.38% and a net margin of 3.65%. View Virtusa's earnings history.

7 brokerages have issued 1-year target prices for Virtusa's shares. Their forecasts range from $35.00 to $55.00. On average, they expect Virtusa's share price to reach $42.40 in the next twelve months. This suggests a possible upside of 38.2% from the stock's current price. View analysts' price targets for Virtusa.

News stories about VRTU stock have been trending neutral on Saturday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Virtusa earned a news impact score of 0.2 on InfoTrie's scale. They also gave media headlines about the information technology services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Virtusa.

Virtusa saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 905,100 shares, a decrease of 14.6% from the June 15th total of 1,060,000 shares. Based on an average trading volume of 278,400 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.3% of the shares of the stock are sold short. View Virtusa's Current Options Chain.

Some companies that are related to Virtusa include Accenture (ACN), IBM (IBM), Cognizant Technology Solutions (CTSH), EPAM Systems (EPAM), Leidos (LDOS), Gartner (IT), Booz Allen Hamilton (BAH), Amdocs (DOX), Caci International (CACI), Mantech International (MANT), Teradata (TDC), Unisys (UIS), Forrester Research (FORR), The Hackett Group (HCKT) and Servicesource International (SREV). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Virtusa investors own include CA (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), Energy Transfer LP Unit (ET), AbbVie (ABBV), Alibaba Group (BABA), Micron Technology (MU), NVIDIA (NVDA) and Accenture (ACN).

Virtusa trades on the NASDAQ under the ticker symbol "VRTU."

Virtusa's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Skyline Asset Management LP (0.80%) and Envestnet Asset Management Inc. (0.03%). Company insiders that own Virtusa stock include Joseph Doody, Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Roger Keith Modder, Samir Dhir, Sundararajan Narayanan, Thomas R Holler and William K O'brien. View institutional ownership trends for Virtusa.

VRTU stock was bought by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, and Envestnet Asset Management Inc.. View insider buying and selling activity for Virtusa.

Shares of VRTU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of VRTU stock can currently be purchased for approximately $30.67.

Virtusa has a market capitalization of $924.09 million and generates $1.31 billion in revenue each year. The information technology services provider earns $47.90 million in net income (profit) each year or $1.73 on an earnings per share basis. Virtusa employs 22,830 workers across the globe.

The official website for Virtusa is www.virtusa.com.

Virtusa's mailing address is 132 TURNPIKE RD, SOUTHBOROUGH MA, 01772. The information technology services provider can be reached via phone at 508-389-7300 or via email at [email protected]