Several other research analysts have also commented on VIRT. Zacks Investment Research lowered Virtu Financial from a hold rating to a sell rating in a report on Friday. TheStreet lowered shares of Virtu Financial from a b rating to a c+ rating in a report on Friday, May 3rd. UBS Group reduced their price objective on shares of Virtu Financial from $36.00 to $32.00 and set a buy rating on the stock in a report on Tuesday, April 16th. Rosenblatt Securities initiated coverage on shares of Virtu Financial in a report on Wednesday, June 26th. They issued a buy rating and a $29.00 price objective on the stock. Finally, ValuEngine lowered shares of Virtu Financial from a hold rating to a sell rating in a report on Tuesday, June 18th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Virtu Financial currently has a consensus rating of Hold and an average price target of $28.33.
NASDAQ VIRT opened at $22.51 on Friday. Virtu Financial has a 52 week low of $19.85 and a 52 week high of $29.17. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.67 and a current ratio of 0.67. The business’s fifty day moving average is $21.75. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 3.02 and a beta of -0.60.
In other Virtu Financial news, EVP Stephen Cavoli sold 7,500 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $23.48, for a total transaction of $176,100.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 63.70% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Bangor Savings Bank increased its stake in Virtu Financial by 24.9% during the second quarter. Bangor Savings Bank now owns 46,266 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 9,227 shares during the period. Rothschild & Co. Asset Management US Inc. grew its position in shares of Virtu Financial by 4.4% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 1,015,329 shares of the financial services provider’s stock worth $24,114,000 after buying an additional 42,517 shares in the last quarter. First Trust Advisors LP grew its position in shares of Virtu Financial by 22.5% during the first quarter. First Trust Advisors LP now owns 470,760 shares of the financial services provider’s stock worth $11,181,000 after buying an additional 86,339 shares in the last quarter. Seacliff Capital LLC grew its position in shares of Virtu Financial by 100.0% during the first quarter. Seacliff Capital LLC now owns 100,000 shares of the financial services provider’s stock worth $2,375,000 after buying an additional 50,000 shares in the last quarter. Finally, Kwmg LLC acquired a new position in shares of Virtu Financial during the first quarter worth about $43,000. Institutional investors own 56.83% 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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