Wall Street Analyst Downgrade Virtu Financial Inc. [VIRT]. What else is Wall St. saying

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Virtu Financial Inc. [NASDAQ: VIRT] loss -13.10% or -4.43 points to close at $29.38 with a heavy trading volume of 3920242 shares. The company report on April 28, 2022 that Virtu Announces First Quarter 2022 Results.

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Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the first quarter ended March 31, 2022.

It opened the trading session at $33.35, the shares rose to $33.45 and dropped to $28.84, the range by which the price of stock traded the whole day. The daily chart for VIRT points out that the company has recorded 13.79% gains over the past six months. However, it is still -26.69% lower than its most recent low trading price.

If we look at the average trading volume of 1.26M shares, VIRT reached to a volume of 3920242 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Virtu Financial Inc. [VIRT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VIRT shares is $39.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VIRT stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Virtu Financial Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 11, 2021. The new note on the price target was released on November 09, 2020, representing the official price target for Virtu Financial Inc. stock. Previously, the target price had yet another raise to $28, while Loop Capital analysts kept a Hold rating on VIRT stock.

The Average True Range (ATR) for Virtu Financial Inc. is set at 1.25, with the Price to Sales ratio for VIRT stock in the period of the last 12 months amounting to 1.96. The Price to Book ratio for the last quarter was 2.12, with the Price to Cash per share for the same quarter was set at 5.73. Price to Free Cash Flow for VIRT in the course of the last twelve months was 5.19.

Trading performance analysis for VIRT stock

Virtu Financial Inc. [VIRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.18. With this latest performance, VIRT shares dropped by -20.59% in over the last four-week period, additionally plugging by 13.79% over the last 6 months – not to mention a drop of -1.94% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VIRT stock in for the last two-week period is set at 20.48, with the RSI for the last a single of trading hit 11.85, and the three-weeks RSI is set at 27.93 for Virtu Financial Inc. [VIRT]. The present Moving Average for the last 50 days of trading for this stock 35.49, while it was recorded at 33.12 for the last single week of trading, and 29.28 for the last 200 days.

Virtu Financial Inc. [VIRT]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VIRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Virtu Financial Inc. go to -2.71%.

An analysis of insider ownership at Virtu Financial Inc. [VIRT]

There are presently around $2,375 million, or 81.10% of VIRT stock, in the hands of institutional investors. The top three institutional holders of VIRT stocks are: VANGUARD GROUP INC with ownership of 11,172,885, which is approximately -5.959% of the company’s market cap and around 0.50% of the total institutional ownership; WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC, holding 9,742,120 shares of the stock with an approximate value of $286.22 million in VIRT stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $187.46 million in VIRT stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Virtu Financial Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 127 institutional holders increased their position in Virtu Financial Inc. [NASDAQ:VIRT] by around 4,872,093 shares. Additionally, 147 investors decreased positions by around 27,076,734 shares, while 30 investors held positions by with 48,874,135 shares. The mentioned changes placed institutional holdings at 80,822,962 shares, according to the latest SEC report filing. VIRT stock had 41 new institutional investments in for a total of 2,608,784 shares, while 36 institutional investors sold positions of 1,210,306 shares during the same period.