What’s Ahead for Virtu Financial Inc After Today’s Bearish Options Activity?

 What's Ahead for Virtu Financial Inc After Today's Bearish Options Activity?

In today’s session Virtu Financial Inc (VIRT) recorded an unusually high (1,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious VIRT decrease. With 1,000 contracts traded and 884 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: VIRT170317P00012500 closed last at: $0.95 or 11.8% up. About 125,811 shares traded hands. Virtu Financial Inc (NASDAQ:VIRT) has declined 39.96% since March 29, 2016 and is downtrending. It has underperformed by 43.44% the S&P500.

Analysts await Virtu Financial Inc (NASDAQ:VIRT) to report earnings on November, 2.

Virtu Financial Inc (NASDAQ:VIRT) Ratings Coverage

Out of 3 analysts covering Virtu Financial (NASDAQ:VIRT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $26 is the highest target while $20 is the lowest. The $21.50 average target is 63.87% above today’s ($13.12) stock price. Virtu Financial has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by UBS with “Buy” on Thursday, August 6. The stock has “Buy” rating given by Goldman Sachs on Tuesday, April 5. The firm has “Buy” rating given on Thursday, August 4 by UBS. The stock of Virtu Financial Inc (NASDAQ:VIRT) earned “Hold” rating by Zacks on Friday, August 21. The rating was upgraded by Zacks on Saturday, August 8 to “Sell”. The firm earned “Buy” rating on Monday, January 11 by Goldman Sachs. The rating was maintained by UBS with “Buy” on Tuesday, October 13. UBS maintained Virtu Financial Inc (NASDAQ:VIRT) on Friday, May 27 with “Buy” rating.

According to Zacks Investment Research, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York.”

Virtu Financial, Inc. is a holding company. The company has a market cap of $1.84 billion. The Firm is a technology-enabled market maker and liquidity well-known provider to the financial markets across the world. It has a 12.4 P/E ratio. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.

VIRT Company Profile

Virtu Financial, Inc., incorporated on October 17, 2013, is a holding company. The Firm is a technology-enabled market maker and liquidity well-known provider to the financial markets across the world. The Firm is engaged in buying or selling a range of securities and other financial instruments, and earning small bid/ask spreads across various transactions. The Firm has developed a single, multi-asset, multi-currency technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on various exchanges, markets and liquidity pools in various countries around the world. The Firm makes markets by providing quotations to buyers and sellers in approximately 12,000 securities and other financial instruments on over 230 exchanges, markets and liquidity pools in approximately 30 countries around the world.

More recent Virtu Financial Inc (NASDAQ:VIRT) news were published by: Globenewswire.com which released: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …” on April 11, 2016. Also Moodys.com published the news titled: “Moody’s assigns first-time Ba3 rating to Virtu Financial with a positive outlook” on October 04, 2016. Reuters.com‘s news article titled: “BRIEF-Virtu Financial’s subsidiary entered into a third amended and restat…” with publication date: October 28, 2016 was also an interesting one.

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