Virtu Financial (NASDAQ:VIRT) Rating Reiterated by Piper Sandler

Virtu Financial (NASDAQ:VIRT)‘s stock had its “overweight” rating reissued by analysts at Piper Sandler in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $35.00 price objective on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 13.56% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Bank of America cut their price target on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. UBS Group increased their target price on shares of Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Citigroup boosted their price target on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley upped their price objective on shares of Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their target price on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Virtu Financial currently has a consensus rating of “Hold” and a consensus price target of $29.50.

Virtu Financial Trading Down 4.7 %

NASDAQ VIRT traded down $1.53 on Thursday, reaching $30.82. The company had a trading volume of 1,258,433 shares, compared to its average volume of 1,279,508. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $33.55. The stock’s 50 day moving average is $31.34 and its 200-day moving average is $26.37. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 0.49 and a beta of 0.38.

Insider Transactions at Virtu Financial

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $27.30, for a total value of $147,420.00. Following the sale, the director now owns 24,122 shares in the company, valued at approximately $658,530.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 46.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Virtu Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. USA Financial Formulas bought a new position in shares of Virtu Financial in the 3rd quarter valued at about $33,000. Riverview Trust Co bought a new position in Virtu Financial in the first quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new position in shares of Virtu Financial during the 2nd quarter worth approximately $39,000. Innealta Capital LLC bought a new stake in shares of Virtu Financial during the 2nd quarter worth approximately $46,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Virtu Financial by 21.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after buying an additional 372 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.