Revenue Update on Virtu Financial Inc(NASDAQ:VIRT)

Virtu Financial Inc(NASDAQ:VIRT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $174.18M. Analysts estimated a revenue of $105.13M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.25.

In a different note, On May 27, 2016, UBS said it Maintains its rating on Virtu Financial Inc. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Buy’ by the firm.

Virtu Financial Inc (VIRT) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.18% at a volume of 1,61,808. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.55. The peak price level was also seen at $16.55 while the days lowest was $16.4. Finally the shares closed at $16.42. The 52-week high of the shares is $25.72 while the 52-week low is $15.88. According to the latest information available, the market cap of the company is $2,279 M.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Venu Palaparthi (SVP, Comp Reg & Gov Affairs) purchased 2,000 shares at $17.36 per share price.Also, On Nov 18, 2015, Joseph Osnoss (director) sold 6,075,837 shares at $21.65 per share price.On Nov 18, 2015, Michael J Bingle (director) sold 6,075,837 shares at $21.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Virtu Financial Inc. is a financial holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets. The Company is engaged in buying and selling securities and other financial instruments. The Company provides liquidity and competitive pricing in foreign currency markets directly to market participants on its own trading platform called VFX and through other customized liquidity arrangements. The Company has developed a multi-asset multi-currency technology platform that integrates with exchanges and other trading venues through customized infrastructure to provide continuous bid and offer quotations on assets traded electronically around the world. Its platform generates and disseminates continuous bid and offer quotes on over 11000 tradable listed products.

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