Rosenblatt Securities analyst Sean Horgan maintained a Hold rating on Virtu Financial (VIRT) on September 13 and set a price target of $25.00. The company’s shares closed last Tuesday at $26.34, close to its 52-week high of $28.59.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Virtu Financial with a $26.71 average price target, representing a -2.8% downside. In a report issued on September 11, Loop Capital Markets also initiated coverage with a Hold rating on the stock with a $28.00 price target.
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Virtu Financial’s market cap is currently $5.31B and has a P/E ratio of 8.50. The company has a Price to Book ratio of -15.19.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VIRT in relation to earlier this year.
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Virtu Financial, Inc. engages in the provision of market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform. It operates through the following segments: Market Making, Execution Services, and Corporate. The Market Making segment involves in the buy and sell of securities and other financial instruments. The Execution Services segment agency offers trading venues that provide transparent trading in global equities, ETFs, and fixed income to institutions, banks and broker dealers. The Corporate segment consists investments in strategic financial services-oriented opportunities and maintains corporate overhead expenses and all other income and expenses that are not attributable to the other segments. The company was founded by Vincent J. Viola in 2008 and is headquartered in New York, NY.
