Virtu Financial (NASDAQ:VIRT) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Thursday.

Several other equities analysts have also commented on VIRT. Citigroup reiterated a “sell” rating and issued a $14.00 price target (down from $16.00) on shares of Virtu Financial in a research note on Thursday, August 10th. Goldman Sachs Group restated a “neutral” rating and set a $16.00 target price on shares of Virtu Financial in a research report on Thursday, August 10th. BidaskClub upgraded shares of Virtu Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Rosenblatt Securities started coverage on shares of Virtu Financial in a research report on Friday, September 15th. They set a “neutral” rating and a $18.00 target price on the stock. Finally, Evercore ISI started coverage on shares of Virtu Financial in a research report on Monday, October 2nd. They set an “in-line” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.86.

Virtu Financial (NASDAQ:VIRT) opened at $16.85 on Thursday. The company has a market cap of $3,145.13, a P/E ratio of 28.48 and a beta of 0.38. Virtu Financial has a one year low of $13.10 and a one year high of $19.07. 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 announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $159.79 million for the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. The firm’s revenue was up 64.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. equities research analysts anticipate that Virtu Financial will post 0.42 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP lifted its holdings in shares of Virtu Financial by 43.2% during the third quarter. GSA Capital Partners LLP now owns 28,376 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 8,567 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Virtu Financial by 4.1% during the third quarter. Janney Montgomery Scott LLC now owns 144,095 shares of the financial services provider’s stock worth $2,334,000 after purchasing an additional 5,727 shares during the period. Jane Street Group LLC acquired a new stake in shares of Virtu Financial during the third quarter worth $291,000. Temasek Holdings Private Ltd lifted its holdings 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 worth $329,354,000 after purchasing an additional 8,012,821 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Virtu Financial by 3.1% during the third quarter. Royce & Associates LP now owns 668,300 shares of the financial services provider’s stock worth $10,826,000 after purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 26.58% of the company’s stock.

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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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