Virtu Financial (VIRT) Upgraded to Hold by BidaskClub

Virtu Financial (NASDAQ:VIRT) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also recently issued research reports about the company. J P Morgan Chase & Co reissued an “underweight” rating and issued a $13.00 price objective on shares of Virtu Financial in a report on Wednesday, October 18th. Citigroup raised Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Wednesday, November 8th. Rosenblatt Securities assumed coverage on Virtu Financial in a report on Friday, September 15th. They issued a “neutral” rating and a $18.00 price objective for the company. TheStreet cut Virtu Financial from a “c-” rating to a “d+” rating in a report on Thursday, October 12th. Finally, Evercore ISI assumed coverage on Virtu Financial in a report on Monday, October 2nd. They issued an “in-line” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.86.

Virtu Financial (VIRT) traded up $1.10 during trading on Friday, reaching $17.40. The company’s stock had a trading volume of 1,095,458 shares, compared to its average volume of 627,572. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.23. The stock has a market cap of $3,051.52, a P/E ratio of 27.63 and a beta of 0.37. Virtu Financial has a twelve month low of $13.10 and a twelve month high of $19.07.

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

Several hedge funds have recently modified their holdings of VIRT. Parametric Portfolio Associates LLC raised its holdings in Virtu Financial by 1.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,112 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 185 shares during the period. Paradigm Asset Management Co. LLC raised its holdings in Virtu Financial by 0.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 39,210 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 200 shares during the period. Forward Management LLC raised its holdings in Virtu Financial by 1.1% in the 2nd quarter. Forward Management LLC now owns 31,119 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 325 shares during the period. First Trust Advisors LP raised its holdings in Virtu Financial by 0.5% in the 4th quarter. First Trust Advisors LP now owns 100,048 shares of the financial services provider’s stock worth $2,265,000 after purchasing an additional 464 shares during the period. Finally, HBK Investments L P raised its holdings in Virtu Financial by 8.4% in the 1st quarter. HBK Investments L P now owns 11,490 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 890 shares during the period. 26.58% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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