Virtu Financial, Inc. (VIRT) on Focus After Trading At 52-Week Highs

April 17, 2018 - By Maria Brooks

The stock of Virtu Financial, Inc. (NASDAQ:VIRT) hit a new 52-week high and has $39.05 target or 4.00 % above today’s $37.55 share price. The 6 months bullish chart indicates low risk for the $7.07B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $39.05 price target is reached, the company will be worth $282.68M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.44% or $1.25 during the last trading session, reaching $37.55. About 222,613 shares traded. Virtu Financial, Inc. (NASDAQ:VIRT) has risen 97.08% since April 17, 2017 and is uptrending. It has outperformed by 85.53% the S&P500.

Analysts await Virtu Financial, Inc. (NASDAQ:VIRT) to report earnings on May, 3. They expect $0.44 EPS, up 214.29 % or $0.30 from last year’s $0.14 per share. VIRT’s profit will be $82.81 million for 21.34 P/E if the $0.44 EPS becomes a reality. After $0.22 actual EPS reported by Virtu Financial, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Virtu Financial, Inc. (NASDAQ:VIRT) Ratings Coverage

Among 4 analysts covering Virtu Financial (NASDAQ:VIRT), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Virtu Financial had 9 analyst reports since October 18, 2017 according to SRatingsIntel. The stock has “Hold” rating by J.P. Morgan on Tuesday, February 6. The firm earned “Underweight” rating on Tuesday, February 13 by JP Morgan. The rating was downgraded by J.P. Morgan to “Sell” on Wednesday, October 18. As per Wednesday, November 8, the company rating was upgraded by Citigroup. The stock of Virtu Financial, Inc. (NASDAQ:VIRT) earned “Buy” rating by Sandler O’Neill on Wednesday, March 28. The stock of Virtu Financial, Inc. (NASDAQ:VIRT) has “Underweight” rating given on Thursday, January 25 by JP Morgan. The company was downgraded on Wednesday, October 18 by JP Morgan. Sandler O’Neill maintained Virtu Financial, Inc. (NASDAQ:VIRT) rating on Thursday, February 8. Sandler O’Neill has “Buy” rating and $27.0 target. The stock has “Buy” rating by Sandler O’Neill on Friday, January 12.

Virtu Financial, Inc., together with its subsidiaries, provides market making and liquidity services to the financial markets worldwide. The company has market cap of $7.07 billion. The firm offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income, and other securities on various exchanges, markets, and liquidity pools. It has a 1444.23 P/E ratio.

Virtu Financial, Inc. (NASDAQ:VIRT) Ratings Chart

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