Virtu Financial (NASDAQ:VIRT) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, September 18th.

Other equities analysts also recently issued reports about the stock. Citigroup reduced their target price on shares of Virtu Financial from $37.00 to $28.00 and set a “$26.55” rating on the stock in a research note on Wednesday, July 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.00 target price on shares of Virtu Financial in a research note on Monday, July 30th. Sandler O’Neill reaffirmed a “buy” rating and set a $27.00 target price on shares of Virtu Financial in a research note on Friday, July 27th. Morgan Stanley started coverage on shares of Virtu Financial in a research note on Wednesday, August 8th. They set an “equal weight” rating and a $22.00 target price on the stock. Finally, ValuEngine downgraded shares of Virtu Financial from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.09.

VIRT traded up $0.13 on Tuesday, reaching $23.02. 1,491,527 shares of the company’s stock were exchanged, compared to its average volume of 1,024,374. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70. Virtu Financial has a twelve month low of $13.10 and a twelve month high of $37.85. The firm has a market capitalization of $3.89 billion, a PE ratio of 40.39, a PEG ratio of 2.71 and a beta of -0.77.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Friday, July 27th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). Virtu Financial had a return on equity of 19.62% and a net margin of 11.30%. The firm had revenue of $328.10 million for the quarter, compared to analysts’ expectations of $236.08 million. During the same period last year, the firm earned $0.13 earnings per share. Virtu Financial’s revenue for the quarter was up 126.4% on a year-over-year basis. As a group, analysts predict that Virtu Financial will post 1.51 earnings per share for the current fiscal year.

In related news, Director John Nixon purchased 5,000 shares of Virtu Financial stock in a transaction dated Tuesday, July 31st. The shares were acquired at an average cost of $20.15 per share, with a total value of $100,750.00. Following the purchase, the director now owns 24,894 shares of the company’s stock, valued at $501,614.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 73.50% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van Berkom & Associates Inc. increased its stake in Virtu Financial by 2.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 3,863,015 shares of the financial services provider’s stock worth $102,563,000 after buying an additional 86,417 shares during the period. FMR LLC increased its stake in Virtu Financial by 338.5% during the 2nd quarter. FMR LLC now owns 3,589,201 shares of the financial services provider’s stock worth $95,294,000 after buying an additional 2,770,731 shares during the period. BlackRock Inc. increased its stake in Virtu Financial by 8.0% during the 2nd quarter. BlackRock Inc. now owns 2,268,190 shares of the financial services provider’s stock worth $60,220,000 after buying an additional 167,624 shares during the period. Artisan Partners Limited Partnership increased its stake in Virtu Financial by 26.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,344,547 shares of the financial services provider’s stock worth $35,698,000 after buying an additional 282,243 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Virtu Financial by 590.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,295,700 shares of the financial services provider’s stock worth $34,401,000 after buying an additional 1,108,100 shares during the period. 54.14% of the stock is currently owned by hedge funds and other institutional investors.

Virtu Financial Company Profile

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.

Recommended Story: What is a stock buyback?

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.