Virtu Financial (VIRT) Receiving Somewhat Favorable Press Coverage, Study Shows
Media stories about Virtu Financial (NASDAQ:VIRT) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Virtu Financial earned a news impact score of 0.05 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.6473820395449 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Virtu Financial (NASDAQ VIRT) traded up $0.10 during trading hours on Friday, hitting $18.65. The company’s stock had a trading volume of 301,888 shares, compared to its average volume of 371,375. Virtu Financial has a 1 year low of $13.10 and a 1 year high of $19.07. The stock has a market cap of $3,490.00 and a PE ratio of 155.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.23.
Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The firm had revenue of $159.79 million for the quarter, compared to analysts’ expectations of $157.40 million. During the same quarter last year, the firm posted $0.20 EPS. The company’s revenue was up 64.4% compared to the same quarter last year. equities analysts expect that Virtu Financial will post 0.42 earnings per share for the current fiscal year.
Several analysts have weighed in on VIRT shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $13.00 price target on shares of Virtu Financial in a report on Wednesday, October 18th. TheStreet raised Virtu Financial from a “d+” rating to a “c-” rating in a report on Thursday, December 7th. Citigroup raised Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price target on the stock in a report on Wednesday, November 8th. Rosenblatt Securities started coverage on Virtu Financial in a report on Friday, September 15th. They issued a “neutral” rating and a $18.00 price target on the stock. Finally, Zacks Investment Research raised Virtu Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. 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 stock. The company has an average rating of “Hold” and an average price target of $16.86.
About Virtu Financial
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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