NASDAQ:VRTUVirtusa Stock Price, Forecast & News

Virtusa's stock was trading at $37.76 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, VRTU shares have decreased by 20.4% and is now trading at $30.07. 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) announced its earnings results on Wednesday, May, 13th. The information technology services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.15. The information technology services provider had revenue of $329.65 million for the quarter, compared to the consensus estimate of $329.97 million. Virtusa had a net margin of 3.65% and a return on equity of 14.38%. View Virtusa's earnings history.

7 analysts have issued twelve-month price targets for Virtusa's shares. Their forecasts range from $35.00 to $55.00. On average, they anticipate Virtusa's stock price to reach $42.40 in the next twelve months. This suggests a possible upside of 41.0% from the stock's current price. View analysts' price targets for Virtusa.

News coverage about VRTU stock has trended somewhat negative this week, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Virtusa earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news coverage about the information technology services provider a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutVirtusa.

Virtusa saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 867,000 shares, a drop of 9.0% from the March 31st total of 953,000 shares. Based on an average daily volume of 238,900 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.1% 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), Leidos (LDOS), EPAM Systems (EPAM), Booz Allen Hamilton (BAH), Gartner (IT), 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (14.64%), Granahan Investment Management Inc. MA (4.41%), Thrivent Financial for Lutherans (3.21%), State Street Corp (3.15%), GW&K Investment Management LLC (3.11%) and Frontier Capital Management Co. LLC (2.81%). Company insiders that own Virtusa stock include Joseph Doody, Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Roger Keith Modder, Rowland T Moriarty, Samir Dhir, Sundararajan Narayanan, Thomas R Holler and William K O'brien. View institutional ownership trends for Virtusa.

VRTU stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, Public Employees Retirement Association of Colorado, BlackRock Inc., Rothschild & Co. Asset Management US Inc., JPMorgan Chase & Co., GW&K Investment Management LLC, Citigroup Inc., and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold Virtusa company stock in the last year include Kris A Canekeratne, Ranjan Kalia, Roger Keith Modder, Samir Dhir, Sundararajan Narayanan, Thomas R Holler, and William K O'brien. View insider buying and selling activity for Virtusa.

VRTU stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Assenagon Asset Management S.A., State Street Corp, Mutual of America Capital Management LLC, Wells Fargo & Company MN, Bogle Investment Management L P DE, and Balyasny Asset Management LLC. 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 $30.07.

Virtusa has a market capitalization of $897.89 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 21,745 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]