ITG (NASDAQ:ITG) Stock Rating Reaffirmed as “Buy” by Truist Financial

ITG (NASDAQ:ITG)‘s stock had its “buy” rating reaffirmed by Truist Financial in a note issued to investors on Friday, Benzinga reports. They currently have a $11.00 price objective on the stock, down from their previous price objective of $14.00. Truist Financial‘s price objective suggests a potential upside of 98.38% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Morgan Stanley decreased their price objective on shares of ITG from $18.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group began coverage on shares of ITG in a report on Monday, July 27th. They set a “buy” rating and a $18.00 target price for the company. Citigroup dropped their target price on shares of ITG from $17.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Vertical Research began coverage on shares of ITG in a research report on Monday, July 27th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Bank of America dropped their price objective on shares of ITG from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

ITG Stock Performance

ITG opened at $5.54 on Friday. The business’s fifty day moving average price is $8.07. The company has a debt-to-equity ratio of 23.48, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a market capitalization of $688.47 million and a P/E ratio of 66.38. ITG has a one year low of $4.11 and a one year high of $19.26.

ITG (NASDAQ:ITG) last posted its earnings results on Wednesday, November 11th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $461.53 million during the quarter. On average, analysts predict that ITG will post 0.54 EPS for the current fiscal year.

Institutional Trading of ITG

A hedge fund recently bought a new stake in ITG stock. State Street Corp bought a new position in shares of ITG Inc. (NASDAQ:ITG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 271,008 shares of the company’s stock, valued at approximately $2,107,000. State Street Corp owned about 0.22% of ITG as of its most recent filing with the Securities and Exchange Commission (SEC).

Key Headlines Impacting ITG

Here are a few of the latest headlines about ITG:

• Positive Sentiment: ITG reported a 64% increase in adjusted EBITDA and raised its fiscal 2026 outlook, a constructive sign despite reporting a quarterly loss. ITG Posts Q3 Loss; Adj. EBITDA Up 64%; Lifts Fiscal 2026 Outlook
• Neutral Sentiment: Fiscal 2026 revenue guidance of $1.6 billion and fourth-quarter revenue guidance of $378 million were in line with consensus estimates. The quarter’s reported revenue was $461.53 million. ITG Q3 2026 earnings results
• Negative Sentiment: Multiple firms lowered their price targets, including Stifel Nicolaus ($9 to $8), Bank of America ($16 to $13), Robert W. Baird ($14 to $10), and Morgan Stanley ($18 to $9). The cuts signal more cautious expectations, although each firm retained a positive rating: buy, outperform, or overweight. Stifel Nicolaus rating Bank of America target Baird target Morgan Stanley target

About ITG

Investment Technology Group, Inc. (ITG) was a financial technology and agency brokerage firm serving institutional investors. Its services included trade execution, execution algorithms, trading analytics and tools designed to help clients manage and evaluate their equity trading. ITG’s products included POSIT, an alternative trading system that matched buyers and sellers, and Triton, an execution management system. The company also provided transaction-cost analysis and related research to help clients assess trading performance.