Virtu Financial (VIRT) Upgraded to “Hold” by Zacks Investment Research

Virtu Financial (NASDAQ:VIRT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors 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. “

Other analysts also recently issued research reports about the company. Sandler O’Neill set a $19.00 target price on Virtu Financial and gave the company a “buy” rating in a research note on Tuesday, November 7th. Evercore ISI increased their target price on Virtu Financial from $17.00 to $18.00 and gave the company an “in-line” rating in a research note on Tuesday, November 7th. Rosenblatt Securities restated a “neutral” rating and set a $18.00 target price on shares of Virtu Financial in a research note on Tuesday, November 7th. JPMorgan Chase & Co. restated an “underweight” rating and set a $13.00 target price on shares of Virtu Financial in a research note on Wednesday, November 8th. Finally, Goldman Sachs Group increased their target price on Virtu Financial from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. One 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 stock. Virtu Financial has a consensus rating of “Hold” and a consensus price target of $16.86.

Shares of Virtu Financial (NASDAQ VIRT) traded up $0.05 during trading hours on Friday, reaching $18.75. The company had a trading volume of 164,841 shares, compared to its average volume of 266,794. Virtu Financial has a 1 year low of $13.10 and a 1 year high of $19.25. The company has a market cap of $3,500.83, a P/E ratio of 117.19 and a beta of 0.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share for the quarter, beating the 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 the consensus estimate of $157.40 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 64.4% compared to the same quarter last year. research analysts predict that Virtu Financial will post 0.42 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in Virtu Financial in the 3rd quarter valued at approximately $104,000. Ffcm LLC acquired a new position in Virtu Financial in the 3rd quarter valued at approximately $116,000. Stevens Capital Management LP acquired a new position in Virtu Financial in the 3rd quarter valued at approximately $179,000. Sheets Smith Wealth Management acquired a new position in Virtu Financial in the 4th quarter valued at approximately $272,000. Finally, Jane Street Group LLC acquired a new position in Virtu Financial in the 3rd quarter valued at approximately $291,000. 26.58% of the stock is owned by hedge funds and other institutional investors.

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About Virtu Financial

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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