#5 - Virtu Financial (NASDAQ:VIRT)
Virtu Financial (NASDAQ: VIRT) is a way to invest in the market’s need for liquidity during what could be turbulent times. Virtu Financial is one of the leading financial services firms. The company uses cutting-edge technology to provide market-making and execution services. This isn’t the most exciting stock, but it’s a company that will be needed in the event of market volatility.
Virtu operates as a market maker by providing “deep liquidity and competitive bids and offers in over 25,000 securities, at over 235 venues, and execution technology to our clients while creating more efficient and stable markets worldwide.”
The company is not heavily covered by the analyst community. However, of the four analysts that cover VIRT stock, they give the stock a consensus price target that shows the stock may have a 21% upside in the next 12 months. The stock has been flat in the last month after an earnings report in which the company beat on revenue but missed on the bottom line.
About Virtu Financial
Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.
More about Virtu Financial- Current Price
- $35.10
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $33.21 (-5.4% Downside)
