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Evercore ISI Sticks to Its Hold Rating for Virtu Financial (VIRT)

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Evercore ISI analyst Kaimon Chung maintained a Hold rating on Virtu Financial (VIRTResearch Report) yesterday and set a price target of $37.00. The company’s shares closed last Tuesday at $33.79.

According to TipRanks.com, Chung is ranked #1983 out of 7911 analysts.

Currently, the analyst consensus on Virtu Financial is a Moderate Buy with an average price target of $39.19, implying a 13.8% upside from current levels. In a report issued on April 13, Citigroup also maintained a Hold rating on the stock with a $37.50 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 $706 million and net profit of $104 million. In comparison, last year the company earned revenue of $677 million and had a net profit of $112 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VIRT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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