Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Virtusa Corporation (VRTU) Share Price
Media coverage about Virtusa Corporation (NASDAQ:VRTU) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Virtusa Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 45.5539332998704 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Virtusa Corporation (NASDAQ VRTU) traded up 0.11% on Friday, reaching $35.06. 559,371 shares of the company were exchanged. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 50.74 and a beta of 1.67. Virtusa Corporation has a 52 week low of $18.03 and a 52 week high of $37.66. The company’s 50-day moving average is $35.14 and its 200-day moving average is $31.43.
Virtusa Corporation (NASDAQ:VRTU) last issued its earnings results on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Virtusa Corporation had a net margin of 2.47% and a return on equity of 4.26%. The company had revenue of $227.30 million for the quarter, compared to analysts’ expectations of $224.46 million. During the same period in the prior year, the business earned $0.18 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities analysts expect that Virtusa Corporation will post $1.55 EPS for the current fiscal year.
VRTU has been the subject of several research analyst reports. Maxim Group reaffirmed a “hold” rating on shares of Virtusa Corporation in a research report on Tuesday, August 8th. BidaskClub raised shares of Virtusa Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research raised shares of Virtusa Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, July 19th. Barrington Research set a $35.00 price target on shares of Virtusa Corporation and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, ValuEngine raised shares of Virtusa Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $37.00.
In other Virtusa Corporation news, CEO Kris A. Canekeratne sold 12,000 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $33.63, for a total transaction of $403,560.00. Following the completion of the sale, the chief executive officer now directly owns 587,920 shares of the company’s stock, valued at $19,771,749.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Trust Martin sold 3,080 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.55, for a total transaction of $109,494.00. Following the sale, the director now directly owns 22,716 shares of the company’s stock, valued at $807,553.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,827 shares of company stock valued at $2,953,885. Insiders own 5.96% of the company’s stock.
Virtusa Corporation Company Profile
Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.
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