Virtu Financial, Inc. (NASDAQ:VIRT) Downgraded by BidaskClub to Strong Sell
BidaskClub downgraded shares of Virtu Financial, Inc. (NASDAQ:VIRT) from a sell rating to a strong sell rating in a report published on Saturday.
Several other research analysts also recently issued reports on the stock. Citigroup Inc. downgraded shares of Virtu Financial from a neutral rating to a sell rating and lowered their price target for the stock from $17.00 to $16.00 in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Virtu Financial from a sell rating to a hold rating in a report on Wednesday, July 5th. TheStreet upgraded shares of Virtu Financial from a d- rating to a c- rating in a report on Friday, May 19th. Finally, UBS AG reiterated a buy rating and set a $19.00 price target (up from $17.00) on shares of Virtu Financial in a report on Monday, April 24th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Virtu Financial has a consensus rating of Hold and a consensus price target of $16.00.
Virtu Financial (NASDAQ VIRT) traded up 0.94% during mid-day trading on Friday, hitting $16.15. The stock had a trading volume of 416,943 shares. Virtu Financial has a 52 week low of $12.35 and a 52 week high of $19.07. The company has a market capitalization of $656.77 million, a P/E ratio of 24.10 and a beta of 0.39. The stock’s 50-day moving average is $17.10 and its 200 day moving average is $16.82.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $79.40 million during the quarter, compared to the consensus estimate of $82.20 million. Virtu Financial had a net margin of 4.41% and a return on equity of 20.72%. The company’s revenue for the quarter was down 32.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. Equities analysts forecast that Virtu Financial will post $0.72 earnings per share for the current fiscal year.
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In related news, major shareholder Holdings (Private) Ltd Temasek acquired 6,346,155 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was acquired at an average cost of $15.60 per share, for a total transaction of $99,000,018.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 69.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP increased its stake in Virtu Financial by 1,479.0% in the first quarter. Quantbot Technologies LP now owns 6,316 shares of the financial services provider’s stock worth $107,000 after buying an additional 5,916 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Virtu Financial during the first quarter worth $109,000. First Bank & Trust increased its stake in Virtu Financial by 28.4% in the first quarter. First Bank & Trust now owns 8,967 shares of the financial services provider’s stock worth $152,000 after buying an additional 1,983 shares during the last quarter. Eagle Ridge Investment Management bought a new stake in Virtu Financial during the first quarter worth $250,000. Finally, American International Group Inc. increased its stake in Virtu Financial by 7.1% in the first quarter. American International Group Inc. now owns 15,512 shares of the financial services provider’s stock worth $264,000 after buying an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.
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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