Bank of America Has Lowered Expectations for ITG (NASDAQ:ITG) Stock Price

ITG (NASDAQ:ITG) had its target price reduced by Bank of America from $16.00 to $13.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 142.13% from the company’s current price.

Several other analysts also recently weighed in on ITG. Vertical Research began coverage on ITG in a research report on Monday, July 27th. They set a “buy” rating and a $20.00 target price for the company. Zacks Research upgraded shares of ITG to a “hold” rating in a report on Tuesday, July 28th. Citigroup reduced their price target on shares of ITG from $17.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Weiss Ratings began coverage on shares of ITG in a report on Friday, September 25th. They set a “sell (e-)” rating for the company. Finally, Wall Street Zen lowered shares of ITG from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.44.

ITG Trading Up 4.7%

Shares of ITG stock traded up $0.24 on Thursday, reaching $5.37. 306,384 shares of the company’s stock were exchanged, compared to its average volume of 515,387. The business has a fifty day moving average of $8.23. ITG has a 52 week low of $4.11 and a 52 week high of $19.26. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 23.48. The company has a market cap of $666.62 million and a PE ratio of 67.06.

ITG (NASDAQ:ITG) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.22 EPS for the quarter. The business had revenue of $461.53 million during the quarter. As a group, sell-side analysts predict that ITG will post 0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ITG stock. Pictet Asset Management Holding SA bought a new stake in shares of ITG Inc. (NASDAQ:ITG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 659,623 shares of the company’s stock, valued at approximately $5,129,000. Pictet Asset Management Holding SA owned approximately 0.53% of ITG as of its most recent SEC filing.

Key Stories Impacting ITG

Investors following ITG have been watching these stories:

• Positive Sentiment: ITG reported record third-quarter revenue and Adjusted EBITDA, with Adjusted EBITDA up 64% year over year. The company also lifted its fiscal 2026 outlook, projecting approximately 37% growth in both revenue and Adjusted EBITDA. ITG third-quarter results
• Positive Sentiment: Quarterly results included revenue of $461.53 million and EPS of $0.22. A separate report noted a quarterly loss, but highlighted the improvement in Adjusted EBITDA and the raised fiscal outlook. ITG Q3 loss, EBITDA growth and outlook
• Negative Sentiment: Three firms lowered their price targets: KeyCorp cut its target from $13 to $10, Robert W. Baird from $14 to $10, and Morgan Stanley from $18 to $9. All maintained bullish ratings—overweight or outperform—and their new targets still imply substantial upside from the cited $5.26 share price, but the reductions may weigh on sentiment. KeyCorp ratings, Baird ratings, Morgan Stanley ratings

ITG Company Profile

Investment Technology Group, Inc. (ITG) was a financial technology and agency brokerage firm serving institutional investors. Its services included trade execution, execution algorithms, trading analytics and tools designed to help clients manage and evaluate their equity trading. ITG’s products included POSIT, an alternative trading system that matched buyers and sellers, and Triton, an execution management system. The company also provided transaction-cost analysis and related research to help clients assess trading performance.