Virtu Financial Inc (NASDAQ: VIRT) is 86.72% higher on its value in year-to-date trading and has touched a low of $16.02 and a high of $37.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VIRT stock was last observed hovering at around $36.99 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $37.83, the stock is 12.17% and 15.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing 2.27% at the moment leaves the stock 47.59% off its SMA200. VIRT registered 115.68% gain for a year compared to 6-month gain of 67.61%. The firm has a 50-day simple moving average (SMA 50) of $32.4907 and a 200-day simple moving average (SMA200) of $25.523575.
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The stock witnessed a 16.94% loss in the last 1 month and extending the period to 3 months gives it a 25.72%, and is 7.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 3.23% over the month.
Virtu Financial Inc (VIRT) has around 975 employees, a market worth around $5.85B and $2.43B in sales. Current P/E ratio is 18.95 and Fwd P/E is 12.20. Profit margin for the company is 7.25%. Distance from 52-week low is 136.14% and 1.61% from its 52-week high. The company has generated returns on investments over the last 12 months (5.49%).
The EPS is expected to grow by 72.53% this year
452.0 institutions hold shares in Virtu Financial Inc (VIRT), with institutional investors hold 93.89% of the company’s shares. The shares outstanding are 89.09M, and float is at 80.84M with Short Float at 2.90%. Institutions hold 88.46% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.02 million shares valued at $247.3 million. The investor’s holdings represent 12.377 of the VIRT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.09 million shares valued at $226.51 million to account for 11.3366 of the shares outstanding. The other top investors are WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC which holds 7.42 million shares representing 8.3334 and valued at over $166.5 million, while RENAISSANCE TECHNOLOGIES LLC holds 4.0941 of the shares totaling 3.64 million with a market value of $81.8 million.
Virtu Financial Inc (VIRT) Insider Activity
The most recent transaction is an insider sale by Gambale Virginia, the company’s Director. SEC filings show that Gambale Virginia sold 5,400 shares of the company’s common stock on Aug 05 ’24 at a price of $27.30 per share for a total of $0.15 million. Following the sale, the insider now owns 24122.0 shares.
Still, SEC filings show that on Feb 07 ’24, Cifu Douglas A (Chief Executive Officer) acquired 50,000 shares at an average price of $16.21 for $0.81 million. The insider now directly holds 584,132 shares of Virtu Financial Inc (VIRT).
