Virtu Financial (VIRT) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Virtu Financial (NASDAQ:VIRT) from a sell rating to a hold rating in a research note published on Thursday morning.

Several other brokerages have also weighed in on VIRT. Citigroup cut their price objective on shares of Virtu Financial from $37.00 to $28.00 and set a $26.55 rating on the stock in a report on Wednesday, July 18th. Zacks Investment Research lowered shares of Virtu Financial from a hold rating to a sell rating in a report on Friday, October 12th. ValuEngine upgraded shares of Virtu Financial from a hold rating to a buy rating in a report on Thursday, October 11th. Compass Point began coverage on shares of Virtu Financial in a report on Wednesday, September 19th. They set a neutral rating and a $23.00 price objective on the stock. Finally, Sandler O’Neill reiterated a buy rating and set a $27.00 price objective on shares of Virtu Financial in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $30.09.

Shares of VIRT stock opened at $23.49 on Thursday. The stock has a market cap of $4.47 billion, a PE ratio of 17.66, a P/E/G ratio of 3.33 and a beta of -0.95. Virtu Financial has a 1-year low of $13.10 and a 1-year high of $37.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.65 and a current ratio of 0.65.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Friday, July 27th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). The company had revenue of $328.10 million for the quarter, compared to analysts’ expectations of $236.08 million. Virtu Financial had a return on equity of 19.62% and a net margin of 11.30%. The company’s revenue was up 126.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. Analysts forecast that Virtu Financial will post 1.41 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van Berkom & Associates Inc. raised its holdings in Virtu Financial by 2.3% in the second quarter. Van Berkom & Associates Inc. now owns 3,863,015 shares of the financial services provider’s stock valued at $102,563,000 after buying an additional 86,417 shares during the period. FMR LLC raised its holdings in Virtu Financial by 338.5% in the second quarter. FMR LLC now owns 3,589,201 shares of the financial services provider’s stock valued at $95,294,000 after buying an additional 2,770,731 shares during the period. BlackRock Inc. raised its holdings in Virtu Financial by 8.0% in the second quarter. BlackRock Inc. now owns 2,268,190 shares of the financial services provider’s stock valued at $60,220,000 after buying an additional 167,624 shares during the period. Artisan Partners Limited Partnership raised its holdings in Virtu Financial by 26.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,344,547 shares of the financial services provider’s stock valued at $35,698,000 after buying an additional 282,243 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Virtu Financial by 590.7% in the second quarter. Renaissance Technologies LLC now owns 1,295,700 shares of the financial services provider’s stock valued at $34,401,000 after buying an additional 1,108,100 shares during the period. Hedge funds and other institutional investors own 54.00% of the company’s stock.

About Virtu Financial

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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