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.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $159.79 million for the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. The firm’s revenue for the quarter was up 64.4% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. equities research analysts predict that Virtu Financial will post 0.42 earnings per share for the current year.

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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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