Virtu Financial (VIRT) Upgraded by BidaskClub to Hold
Virtu Financial (NASDAQ:VIRT) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.
Several other research firms have also issued reports on VIRT. Zacks Investment Research upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Saturday. TheStreet lowered shares of Virtu Financial from a “c-” rating to a “d+” rating in a research report on Thursday, October 12th. Rosenblatt Securities assumed coverage on shares of Virtu Financial in a research report on Friday, September 15th. They set a “neutral” rating and a $18.00 price target on the stock. Goldman Sachs Group reiterated a “neutral” rating and set a $16.00 price target on shares of Virtu Financial in a research report on Thursday, August 10th. Finally, Citigroup reiterated a “sell” rating and set a $14.00 price target (down previously from $16.00) on shares of Virtu Financial in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.86.
Virtu Financial (NASDAQ VIRT) traded up $1.10 during midday trading on Friday, hitting $17.40. 1,095,458 shares of the company traded hands, compared to its average volume of 627,572. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $3,051.52, a price-to-earnings ratio of 27.63 and a beta of 0.37. Virtu Financial has a twelve month low of $13.10 and a twelve month high of $19.07.
Large investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Virtu Financial in the 3rd quarter valued at approximately $104,000. Ffcm LLC bought a new position in Virtu Financial in the 3rd quarter valued at approximately $116,000. WBI Investments Inc. bought a new position in Virtu Financial in the 2nd quarter valued at approximately $194,000. Stevens Capital Management LP bought a new position in Virtu Financial in the 3rd quarter valued at approximately $179,000. Finally, Jane Street Group LLC bought a new position in Virtu Financial in the 3rd quarter valued at approximately $291,000. 26.58% of the stock is owned by institutional investors and hedge funds.
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Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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