Virtu Financial (NASDAQ:VIRT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York. “

A number of other equities analysts have also recently issued reports on VIRT. Morgan Stanley started coverage on Virtu Financial in a report on Wednesday, August 8th. They issued an “equal weight” rating and a $22.00 target price on the stock. BidaskClub upgraded Virtu Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th. Compass Point started coverage on Virtu Financial in a report on Wednesday, September 19th. They issued a “neutral” rating and a $23.00 target price on the stock. Citigroup reiterated a “hold” rating on shares of Virtu Financial in a report on Friday, October 5th. Finally, ValuEngine upgraded Virtu Financial from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $30.64.

Shares of VIRT opened at $25.56 on Thursday. Virtu Financial has a 12-month low of $16.65 and a 12-month high of $37.85. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $4.74 billion, a P/E ratio of 44.84, a PEG ratio of 3.55 and a beta of -0.93.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Wednesday, November 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Virtu Financial had a return on equity of 19.85% and a net margin of 12.32%. The company had revenue of $177.92 million for the quarter, compared to analysts’ expectations of $171.99 million. During the same period last year, the business earned $0.08 EPS. Virtu Financial’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Virtu Financial will post 1.41 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in Virtu Financial by 19,303.8% in the 3rd quarter. Parallel Advisors LLC now owns 5,045 shares of the financial services provider’s stock valued at $103,000 after buying an additional 5,019 shares during the last quarter. Strs Ohio purchased a new stake in Virtu Financial in the 2nd quarter valued at $201,000. State of Wisconsin Investment Board purchased a new stake in Virtu Financial in the 2nd quarter valued at $203,000. State Board of Administration of Florida Retirement System purchased a new stake in Virtu Financial in the 2nd quarter valued at $206,000. Finally, Trexquant Investment LP purchased a new stake in Virtu Financial in the 3rd quarter valued at $208,000. 55.59% of the stock is owned by institutional investors and hedge funds.

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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