Virtu Financial, Inc. (NASDAQ:VIRT) has been given a consensus rating of “Hold” by the ten research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.71.

A number of equities research analysts have weighed in on VIRT shares. Zacks Investment Research raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Citigroup Inc. downgraded shares of Virtu Financial from a “neutral” rating to a “sell” rating and cut their price target for the company from $17.00 to $16.00 in a report on Wednesday, July 12th. BidaskClub downgraded shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $16.00 price target on shares of Virtu Financial in a report on Thursday, August 10th. Finally, Rosenblatt Securities started coverage on shares of Virtu Financial in a report on Friday, September 15th. They issued a “neutral” rating and a $18.00 price target for the company.

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Virtu Financial (NASDAQ VIRT) opened at 14.75 on Friday. Virtu Financial has a one year low of $12.35 and a one year high of $19.07. The stock has a market cap of $1.28 billion, a P/E ratio of 32.07 and a beta of 0.32. The stock has a 50 day moving average of $16.38 and a 200-day moving average of $16.51.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.10). Virtu Financial had a net margin of 3.42% and a return on equity of 16.54%. The business had revenue of $77.10 million during the quarter, compared to analyst estimates of $82.23 million. During the same period in the previous year, the company posted $0.24 earnings per share. Virtu Financial’s revenue was down 24.6% compared to the same quarter last year. Analysts anticipate that Virtu Financial will post $0.46 EPS for the current year.

In related news, major shareholder North Island Ventures, Llc acquired 338,124 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $15.44 per share, for a total transaction of $5,220,634.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 69.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of VIRT. William Blair Investment Management LLC increased its holdings in shares of Virtu Financial by 7.7% in the 2nd quarter. William Blair Investment Management LLC now owns 2,750,838 shares of the financial services provider’s stock valued at $48,552,000 after purchasing an additional 195,788 shares during the period. Vanguard Group Inc. increased its holdings in shares of Virtu Financial by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,379,919 shares of the financial services provider’s stock valued at $42,005,000 after purchasing an additional 104,484 shares during the period. FMR LLC increased its holdings in shares of Virtu Financial by 39.9% in the 2nd quarter. FMR LLC now owns 2,215,100 shares of the financial services provider’s stock valued at $39,097,000 after purchasing an additional 631,431 shares during the period. Van Berkom & Associates Inc. acquired a new position in shares of Virtu Financial in the 2nd quarter valued at about $32,439,000. Finally, Peregrine Capital Management LLC increased its holdings in shares of Virtu Financial by 2.2% in the 3rd quarter. Peregrine Capital Management LLC now owns 1,236,442 shares of the financial services provider’s stock valued at $20,030,000 after purchasing an additional 26,799 shares during the period. Hedge funds and other institutional investors own 22.00% of the company’s stock.

Virtu Financial Company Profile

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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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