Virtu Financial (NASDAQ:VIRT) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
A number of other equities analysts have also commented on the company. Morgan Stanley set a $27.00 price objective on Virtu Financial and gave the stock a “hold” rating in a research note on Friday, January 4th. Goldman Sachs Group raised Virtu Financial from a “neutral” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, January 4th. ValuEngine raised Virtu Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. Finally, Zacks Investment Research lowered Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $29.40.
Get Virtu Financial alerts:Virtu Financial stock traded down $0.55 on Thursday, reaching $25.72. The company’s stock had a trading volume of 884,062 shares, compared to its average volume of 894,089. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $5.09 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.13 and a beta of -0.72. Virtu Financial has a twelve month low of $19.65 and a twelve month high of $37.85.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $299.20 million for the quarter, compared to analyst estimates of $292.87 million. Virtu Financial had a return on equity of 24.91% and a net margin of 15.39%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, equities research analysts predict that Virtu Financial will post 1.72 earnings per share for the current year.
In other news, CEO Douglas A. Cifu sold 127,088 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $26.31, for a total transaction of $3,343,685.28. Following the transaction, the chief executive officer now owns 138,544 shares of the company’s stock, valued at $3,645,092.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 73.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of VIRT. FMR LLC lifted its stake in shares of Virtu Financial by 91.8% during the third quarter. FMR LLC now owns 6,885,873 shares of the financial services provider’s stock valued at $140,816,000 after acquiring an additional 3,296,672 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Virtu Financial in the fourth quarter worth about $26,270,000. Van Berkom & Associates Inc. increased its holdings in shares of Virtu Financial by 26.2% in the third quarter. Van Berkom & Associates Inc. now owns 4,876,824 shares of the financial services provider’s stock worth $99,731,000 after acquiring an additional 1,013,809 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Virtu Financial by 94.2% in the third quarter. Royce & Associates LP now owns 1,568,357 shares of the financial services provider’s stock worth $32,073,000 after acquiring an additional 760,756 shares in the last quarter. Finally, Strycker View Capital LLC bought a new stake in shares of Virtu Financial in the fourth quarter worth about $16,486,000. 56.60% of the stock is currently owned by institutional investors and hedge funds.
Virtu Financial Company Profile
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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