Virtu Financial (NASDAQ:VIRT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, February 13th.
VIRT has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Friday, February 2nd. Sandler O’Neill set a $19.00 target price on Virtu Financial and gave the stock a “buy” rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $13.00 target price on shares of Virtu Financial in a research report on Wednesday, October 18th. TheStreet raised Virtu Financial from a “d+” rating to a “c-” rating in a research report on Thursday, December 7th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $18.00 price target on shares of Virtu Financial in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Virtu Financial has an average rating of “Buy” and a consensus price target of $26.00.
Shares of Virtu Financial (NASDAQ VIRT) opened at $29.05 on Tuesday. The firm has a market cap of $5,358.89, a price-to-earnings ratio of 50.22 and a beta of 0.43. Virtu Financial has a fifty-two week low of $13.10 and a fifty-two week high of $34.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.23.
Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.10. Virtu Financial had a net margin of 1.69% and a return on equity of 12.23%. The business had revenue of $460.42 million for the quarter, compared to analysts’ expectations of $194.80 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. equities analysts expect that Virtu Financial will post 1.59 EPS for the current year.
Virtu Financial declared that its board has authorized a stock buyback program on Thursday, February 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
A number of hedge funds have recently bought and sold shares of VIRT. Quantbot Technologies LP bought a new position in Virtu Financial in the 3rd quarter worth approximately $104,000. Ffcm LLC bought a new position in Virtu Financial in the 3rd quarter worth approximately $116,000. Penserra Capital Management LLC boosted its stake in Virtu Financial by 73.2% in the 4th quarter. Penserra Capital Management LLC now owns 9,415 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 3,979 shares during the period. Stevens Capital Management LP bought a new position in Virtu Financial in the 3rd quarter worth approximately $179,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Virtu Financial during the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 47.41% of the company’s stock.
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About Virtu Financial
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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