In yesterday’s Wall Street session, Virtu Financial Inc (NASDAQ:VIRT) shares traded at $23.02, down -0.69% from the previous session.
VIRT stock price is now 2.77% away from the 50-day moving average and 18.41% away from the 200-day moving average. The market capitalization of the company currently stands at $2.04B.
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With the price target of $20, BofA Securities recently initiated with Buy rating for Virtu Financial Inc (NASDAQ: VIRT). On September 14, 2023, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $20, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Cifu Douglas A, Chief Executive Officer bought 50,000 shares of the company’s stock on Feb 07 ’24. The stock was bought for $810,410 at an average price of $16.21. Upon completion of the transaction, the Chief Executive Officer now directly owns 584,132 shares in the company, valued at $13.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’23, Chief Executive Officer Cifu Douglas A bought 50,000 shares of the business’s stock. A total of $853,150 was incurred on buying the stock at an average price of $17.06. This leaves the insider owning 442,755 shares of the company worth $10.19 million. A total of 5.65% of the company’s stock is owned by insiders.
During the past 12 months, Virtu Financial Inc has had a low of $16.02 and a high of $25.68. The fifty day moving average price for VIRT is $22.4482 and a two-hundred day moving average price translates $19.4636 for the stock.
The latest earnings results from Virtu Financial Inc (NASDAQ: VIRT) was released for 2024-03-31. The net profit margin was 5.95% and return on equity was 10.44% for VIRT. The company reported revenue of $642.84 million for the quarter, compared to $620.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.62 percent.
