Virtu Financial Inc (NASDAQ:VIRT) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $27.71.

A number of research analysts recently commented on VIRT shares. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Saturday, July 13th. TheStreet lowered shares of Viewray from a “c-” rating to a “d” rating in a research note on Friday, May 3rd. ValuEngine lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. UBS Group decreased their price target on shares of Spotify from $182.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Finally, BidaskClub lowered shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 12th.

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 value of $176,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 63.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Machina Capital S.A.S. boosted its holdings in Virtu Financial by 298.1% in the 2nd quarter. Machina Capital S.A.S. now owns 9,440 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 7,069 shares during the period. Peregrine Capital Management LLC boosted its holdings in Virtu Financial by 0.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 668,900 shares of the financial services provider’s stock valued at $14,569,000 after purchasing an additional 2,153 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Virtu Financial in the 2nd quarter valued at about $905,000. Miller Howard Investments Inc. NY lifted its holdings in shares of Virtu Financial by 236.7% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 149,792 shares of the financial services provider’s stock worth $3,262,000 after acquiring an additional 105,300 shares during the period. Finally, National Investment Services Inc. WI lifted its holdings in shares of Virtu Financial by 29.1% during the 2nd quarter. National Investment Services Inc. WI now owns 144,387 shares of the financial services provider’s stock worth $3,145,000 after acquiring an additional 32,539 shares during the period. 56.68% of the stock is owned by hedge funds and other institutional investors.

VIRT traded up $0.02 on Friday, reaching $21.99. The company had a trading volume of 345,237 shares, compared to its average volume of 937,956. Virtu Financial has a fifty-two week low of $19.65 and a fifty-two week high of $29.17. The firm has a market cap of $4.19 billion, a PE ratio of 11.22, a P/E/G ratio of 2.89 and a beta of -0.59. The firm’s fifty day simple moving average is $21.88. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.67 and a current ratio of 0.67.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.06). Virtu Financial had a net margin of 7.56% and a return on equity of 19.13%. The company had revenue of $363.00 million during the quarter, compared to analyst estimates of $245.86 million. During the same quarter last year, the company posted $0.76 EPS. The firm’s quarterly revenue was down 55.5% on a year-over-year basis. Research analysts forecast that Virtu Financial will post 1.51 earnings per share for the current fiscal year.

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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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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