Virtu Financial (VIRT) Upgraded at Zacks Investment Research

Virtu Financial (NASDAQ:VIRT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York. “

A number of other brokerages have also recently commented on VIRT. BidaskClub raised Virtu Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Evercore ISI lifted their target price on Virtu Financial from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, November 7th. Citigroup raised Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 target price on the stock in a research report on Wednesday, November 8th. Goldman Sachs Group lifted their target price on Virtu Financial from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $18.00 target price on shares of Virtu Financial in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.86.

Shares of Virtu Financial (NASDAQ:VIRT) opened at $17.40 on Friday. 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 has a one year low of $13.10 and a one year high of $19.07. The company has a market capitalization of $3,051.52, a P/E ratio of 27.63 and a beta of 0.37.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The firm had revenue of $159.79 million during the quarter, compared to analysts’ expectations of $157.40 million. During the same quarter last year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 64.4% compared to the same quarter last year. equities research analysts expect that Virtu Financial will post 0.42 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in VIRT. Temasek Holdings Private Ltd boosted its position in shares of Virtu Financial by 65.1% during the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock valued at $329,354,000 after buying an additional 8,012,821 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Virtu Financial by 103.9% during the third quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock valued at $60,714,000 after buying an additional 1,909,864 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Virtu Financial during the second quarter valued at approximately $19,224,000. FMR LLC boosted its position in shares of Virtu Financial by 39.9% during the second quarter. FMR LLC now owns 2,215,100 shares of the financial services provider’s stock valued at $39,097,000 after buying an additional 631,431 shares during the last quarter. Finally, Old West Investment Management LLC boosted its position in shares of Virtu Financial by 179.4% during the second quarter. Old West Investment Management LLC now owns 415,845 shares of the financial services provider’s stock valued at $7,339,000 after buying an additional 266,997 shares during the last quarter. 26.58% of the stock is currently owned by institutional investors.

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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.

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