Piper Sandler Reiterates “Overweight” Rating for Virtu Financial (NASDAQ:VIRT)

Virtu Financial (NASDAQ:VIRT)‘s stock had its “overweight” rating reissued by investment analysts at Piper Sandler in a report issued on Thursday, Benzinga reports. They presently have a $35.00 target price on the financial services provider’s stock. Piper Sandler’s price objective would indicate a potential upside of 13.01% from the company’s current price.

VIRT has been the topic of several other reports. Bank of America decreased 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 note on Thursday, October 3rd. UBS Group upped their price objective on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Citigroup raised their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their target price on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.50.

Virtu Financial Trading Up 0.4 %

Shares of NASDAQ:VIRT opened at $30.97 on Thursday. The stock has a market cap of $4.87 billion, a PE ratio of 21.66, a P/E/G ratio of 0.49 and a beta of 0.38. The business has a 50 day moving average of $31.41 and a 200-day moving average of $26.48. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22. Virtu Financial has a 12-month low of $16.02 and a 12-month high of $33.55.

Insider Transactions at Virtu Financial

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $27.30, for a total value of $147,420.00. Following the completion of the transaction, the director now owns 24,122 shares in the company, valued at $658,530.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Virtu Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. USA Financial Formulas bought a new stake in Virtu Financial during the third quarter valued at approximately $33,000. Riverview Trust Co purchased a new position in shares of Virtu Financial during the first quarter valued at about $26,000. International Assets Investment Management LLC bought a new position in Virtu Financial in the second quarter worth about $39,000. Innealta Capital LLC purchased a new stake in Virtu Financial in the second quarter worth about $46,000. Finally, First Horizon Advisors Inc. lifted its stake 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 purchasing an additional 372 shares during the period. Hedge funds and other institutional investors own 45.78% of the company’s stock.

About Virtu Financial

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.