Virtu Financial Inc. (VIRT) Reaches New 12-Month Low at $16.75
Shares of Virtu Financial Inc. (NASDAQ:VIRT) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $16.75 and last traded at $16.86, with a volume of 256,614 shares traded. The stock had previously closed at $17.15.
Several analysts have recently issued reports on VIRT shares. Goldman Sachs Group Inc. reissued a “buy” rating and set a $24.50 price target (down previously from $26.00) on shares of Virtu Financial in a research report on Tuesday, April 5th. Credit Suisse Group AG reissued a “sell” rating on shares of Virtu Financial in a research report on Sunday, April 10th.
The stock’s market cap is $639.10 million. The firm has a 50 day moving average price of $17.57 and a 200-day moving average price of $20.00.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.04. The company earned $192.60 million during the quarter, compared to analysts’ expectations of $134.72 million. Equities research analysts predict that Virtu Financial Inc. will post $1.12 EPS for the current fiscal year.
In related news, SVP Venu Palaparthi acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average price of $17.36 per share, for a total transaction of $34,720.00. Following the transaction, the senior vice president now owns 3,032 shares in the company, valued at approximately $52,635.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of hedge funds recently bought and sold shares of VIRT. UBS Oconnor LLC bought a new stake in Virtu Financial during the fourth quarter worth approximately $1,077,000. Swiss National Bank acquired a new stake in Virtu Financial during the fourth quarter valued at approximately $1,127,000. Nationwide Fund Advisors boosted its stake in Virtu Financial by 454.9% in the fourth quarter. Nationwide Fund Advisors now owns 67,069 shares of the company’s stock valued at $1,518,000 after buying an additional 54,982 shares during the period. First Trust Advisors LP boosted its stake in Virtu Financial by 0.5% in the fourth quarter. First Trust Advisors LP now owns 100,048 shares of the company’s stock valued at $2,265,000 after buying an additional 464 shares during the period. Finally, Boston Partners acquired a new stake in Virtu Financial during the fourth quarter valued at approximately $2,335,000.
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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