Home / FINANCIAL NEWS / Virtu Financial, Inc. (VIRT) Now Covered by Rosenblatt Securities

Virtu Financial, Inc. (VIRT) Now Covered by Rosenblatt Securities

Stock analysts at Rosenblatt Securities started coverage on shares of Virtu Financial, Inc. (NASDAQ:VIRT) in a note issued to investors on Friday, September 15th, Marketbeat reports. The firm set a “neutral” rating and a $18.00 price target on the financial services provider’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 11.11% from the company’s previous close.

VIRT has been the subject of a number of other research reports. TheStreet raised shares of Virtu Financial from a “d-” rating to a “c-” rating in a research report on Friday, May 19th. Zacks Investment Research raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Citigroup Inc. downgraded shares of Virtu Financial from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $17.00 to $16.00 in a research report on Wednesday, July 12th. BidaskClub cut Virtu Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $16.00 price objective on shares of Virtu Financial in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Virtu Financial presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Virtu Financial (NASDAQ:VIRT) opened at 16.20 on Friday. Virtu Financial has a 52 week low of $12.35 and a 52 week high of $19.07. The company has a market cap of $1.41 billion, a P/E ratio of 35.22 and a beta of 0.37. The firm’s 50 day moving average is $16.98 and its 200-day moving average is $16.60.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.10). The firm had revenue of $77.10 million during the quarter, compared to analysts’ expectations of $82.23 million. Virtu Financial had a net margin of 3.42% and a return on equity of 16.54%. Virtu Financial’s revenue for the quarter was down 24.6% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. On average, analysts predict that Virtu Financial will post $0.64 earnings per share for the current fiscal year.

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In other Virtu Financial news, major shareholder North Island Ventures, Llc acquired 338,124 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average cost of $15.44 per share, for a total transaction of $5,220,634.56. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Holdings (Private) Ltd Temasek acquired 6,346,155 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were acquired at an average price of $15.60 per share, with a total value of $99,000,018.00. The disclosure for this purchase can be found here. 69.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in VIRT. Van Berkom & Associates Inc. acquired a new stake in Virtu Financial during the 2nd quarter worth about $32,439,000. Artisan Partners Limited Partnership acquired a new stake in Virtu Financial during the 2nd quarter worth about $19,224,000. Neuberger Berman Group LLC acquired a new stake in shares of Virtu Financial during the 1st quarter valued at about $17,548,000. FMR LLC lifted its holdings in shares of Virtu Financial by 39.9% during the 2nd quarter. FMR LLC now owns 2,215,100 shares of the financial services provider’s stock valued at $39,097,000 after buying an additional 631,431 shares during the last quarter. Finally, Spark Investment Management LLC lifted its holdings in shares of Virtu Financial by 187.8% during the 1st quarter. Spark Investment Management LLC now owns 802,000 shares of the financial services provider’s stock valued at $13,634,000 after buying an additional 523,300 shares during the last quarter. Hedge funds and other institutional investors own 46.67% of the company’s stock.

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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