Strong Performance and Strategic Growth Drive Buy Rating for Virtu Financial

Jefferies analyst Daniel Fannon maintained a Buy rating on Virtu Financial (VIRT – Research Report) today and set a price target of $47.00.

Daniel Fannon has given his Buy rating due to a combination of factors including Virtu Financial’s strong performance in its Virtu Execution Services (VES) business and its successful integration of past acquisitions. The company has demonstrated consistent revenue growth in its VES segment, achieving its best results since early 2022, and has set a promising medium-term outlook.
Additionally, Virtu’s organic growth initiatives across various channels such as options market-making, ETF blocks, and cryptocurrency have shown positive momentum, contributing significantly to the firm’s overall performance. The company’s ability to maintain a diversified earnings stream, supported by increased retail participation and volatility, further bolsters its growth outlook. These factors collectively underpin Fannon’s confidence in Virtu Financial’s potential for continued success.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VIRT in relation to earlier this year.