ITG (NASDAQ:ITG) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of ITG (NASDAQ:ITG) from a buy rating to a hold rating in a report published on Sunday,Wall Street Zen reports.

A number of other research firms have also recently commented on ITG. KeyCorp began coverage on shares of ITG in a research report on Monday, July 27th. They issued an “overweight” rating and a $17.00 price objective for the company. Bank of America started coverage on ITG in a research note on Monday, July 27th. They issued a “buy” rating and a $16.00 target price for the company. Vertical Research started coverage on ITG in a report on Monday, July 27th. They issued a “buy” rating and a $20.00 price target for the company. Truist Financial raised their price target on ITG from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Finally, UBS Group started coverage on ITG in a report on Monday, July 27th. They set a “buy” rating and a $18.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, ITG currently has an average rating of “Buy” and an average price target of $17.56.

ITG Stock Down 3.7%

Shares of NASDAQ ITG opened at $12.34 on Friday. ITG has a 52-week low of $10.37 and a 52-week high of $19.26. The firm’s 50 day moving average price is $12.84.

ITG (NASDAQ:ITG) last posted its earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $333.92 million for the quarter. As a group, equities research analysts predict that ITG will post 0.54 earnings per share for the current year.

About ITG

Investment Technology Group, Inc (formerly NASDAQ: ITG) was a financial technology and agency brokerage company that provided execution, research and analytics services to institutional investors. The company focused on helping asset managers and other professional investors trade equities and manage transaction costs.

ITG’s offerings included electronic trading platforms, algorithmic order-execution tools, transaction-cost analysis, liquidity management and institutional brokerage services.