How Have Virtu Financial Inc. (VIRT) Insiders Been Trading?

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KOSK
KOSK

Virtu Financial Inc. (NASDAQ:VIRT) traded with an addition of $1.61 to $23.02 on Thursday, an upside of 7.53 percent. An average of 1,215,163 shares of common stock have been traded in the last five days. There was a gain of $0.98 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 1,108,091 shares traded, while the 50-day average volume stands at 991,658.

VIRT stock has decreased by -12.07% in the last month. The company shares reached their 1-month lowest point of $21.15 on 09/06/22. With the stock rallying to its 52-week high on 04/06/22, shares of the company touched a low of $20.90 and a high of $38.63 in 52 weeks. It has reached a new high 21 times so far this year and lost -25.74% or -$5.49 in price. In spite of this, the price is down -40.40% from the 52-week high.


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Insider Transactions

140 days have passed since Virtu Financial Inc. (VIRT) last reported insider trading activity. Cavoli Stephen, who is EVP, most recently acquired $30,000 shares at $28.90 per share on May 05. In this transaction, the insider spent $866,940. Co-President & Co-COO, Fairclough Brett, disposed of 50,000 shares at a price of $29.25 on May 04. The insider now owns more than $1,462,517 worth of shares. Prior to that, EVP Cavoli Stephen went on to Sale 40,000 shares at $29.40 each on May 04. An amount of $1,176,167 was transacted.

Valuation Metrics

Virtu Financial Inc. (VIRT) has a trailing price-to-earnings (P/E) ratio of 6.61. The stock’s beta is -0.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.39, the price-to-book (PB) ratio at 1.61, and the price-to-cash flow ratio at 4.49.

Financial Health

Further, the company has a long term debt to equity ratio of 2.04 and a total debt to equity ratio of 5.71 for the quarter ending June 29. Its gross profit as reported stood at $996.9 million compared to revenue of $2.81 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Virtu Financial Inc.’s return on assets was 3.20%.

Earnings Surprise

For the three-month period that ended June 29, Virtu Financial Inc. had $1.79 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $85.17 million in the quarter, while revenues of $112.26 million were grew 26.14%. The analyst consensus anticipated Virtu Financial Inc.’s latest quarter earnings to come in at $0.7 per share, but it turned out to be $0.73, a 4.30% surprise. For the quarter, EBITDA amounted to $256.65 million. At the end of the quarter ending June 29, Virtu Financial Inc.’s stock balance sheet showed total debt was $3.76 billion. Shareholders own equity worth $172.16 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Virtu Financial Inc. (VIRT) price momentum. RSI 9-day as of the close on 21 September was 60.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.53%.

As of today, VIRT’s price is $22.08 +4.41% or $0.98 from its 5-day moving average. VIRT is currently trading -2.77% lower than its 20-day SMA and -19.17% lower than its 100-day SMA. However, the stock’s current price level is +8.28% above the SMA50 and -16.68% below the SMA200.

The stochastic %K and %D were 39.06% and 31.12%, respectively, and the average true range (ATR) was 0.81. With the 14-day stochastic at 84.75% and the average true range at 0.74, the RSI (14) stands at 54.85%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.

Analyst Ratings

Morgan Stanley downgraded Virtu Financial Inc. (NASDAQ: VIRT) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for Virtu Financial Inc. (VIRT) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell VIRT, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is VIRT’s price target for the next 12 months?

Analysts predict a range of price targets between $19.00 and $45.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for Virtu Financial Inc. (VIRT) stock is $28.71.

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