In a report released today, Daniel Fannon from Jefferies reiterated a Buy rating on Virtu Financial (NASDAQ: VIRT), with a price target of $25. The company’s shares opened today at $20.68.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 15.2% and a 76.6% success rate. Fannon covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, WisdomTree Investments, and Gain Capital Holdings.
Currently, the analyst consensus on Virtu Financial is a Moderate Buy with an average price target of $26, representing a 25.8% upside. In a report issued on July 27, Sandler O’Neill also reiterated a Buy rating on the stock with a $27 price target.
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Virtu Financial’s market cap is currently $1.96B and has a P/E ratio of 10.81. The company has a Price to Book ratio of 1.96.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Last month, Joseph Molluso, the EVP & CFO of VIRT bought 45,000 shares for a total of $855,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Virtu Financial, Inc. engages in the business of buying and selling of securities and other financial instruments. It offers market making and trading solutions. The company was founded by Vincent Viola in 2008 and is headquartered in New York, NY.
