In a report issued on February 19, Sean Horgan from Rosenblatt Securities maintained a Buy rating on Virtu Financial (VIRT), with a price target of $32.00. The company’s shares closed last Wednesday at $26.94.
According to TipRanks.com, Horgan is a 3-star analyst with an average return of 8.4% and a 63.2% success rate. Horgan covers the Technology sector, focusing on stocks such as Fidelity National Info, Tradeweb Markets, and Paypal Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Virtu Financial with a $29.00 average price target.
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Based on Virtu Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $677 million and net profit of $112 million. In comparison, last year the company earned revenue of $412 million and had a GAAP net loss of $17.72 million.
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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.
