BidaskClub Upgrades Virtu Financial (VIRT) to Buy

Virtu Financial (NASDAQ:VIRT) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.

Other analysts have also issued research reports about the stock. ValuEngine lowered shares of Virtu Financial from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Compass Point assumed coverage on shares of Virtu Financial in a research report on Wednesday, September 19th. They set a “neutral” rating and a $23.00 price target on the stock. Sandler O’Neill reaffirmed a “buy” rating and set a $27.00 price target on shares of Virtu Financial in a research report on Friday, July 27th. Citigroup reaffirmed a “hold” rating on shares of Virtu Financial in a research report on Friday, October 5th. Finally, Morgan Stanley assumed coverage on shares of Virtu Financial in a research report on Wednesday, August 8th. They set an “equal weight” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Virtu Financial has an average rating of “Hold” and a consensus price target of $30.64.

Shares of VIRT stock opened at $26.44 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $5.00 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 3.75 and a beta of -0.95. Virtu Financial has a 12 month low of $14.98 and a 12 month high of $37.85.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $177.92 million for the quarter, compared to analyst estimates of $171.99 million. Virtu Financial had a net margin of 12.32% and a return on equity of 19.85%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Analysts anticipate that Virtu Financial will post 1.41 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crawford Lake Capital Management LLC acquired a new position in shares of Virtu Financial in the second quarter valued at $1,338,000. EJF Capital LLC acquired a new position in shares of Virtu Financial in the second quarter valued at $266,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Virtu Financial in the second quarter valued at $1,181,000. Private Advisor Group LLC increased its holdings in shares of Virtu Financial by 88.4% in the second quarter. Private Advisor Group LLC now owns 30,351 shares of the financial services provider’s stock valued at $775,000 after purchasing an additional 14,245 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of 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 purchasing an additional 167,624 shares during the last quarter. 53.51% of the stock is currently owned by hedge funds and other institutional investors.

About Virtu Financial

Virtu Financial, Inc engages in the business of buying and selling of securities and other financial instruments. It offers market making and trading solutions. The company was founded by Vincent Viola in 2008 and is headquartered in New York, NY.

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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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