ITG Inc. (ITG) – What Are Analysts Thinking About This Stock?

Shares of ITG Inc. (NASDAQ:ITG) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.11.

A number of analysts have recently commented on ITG shares. Truist Financial dropped their price objective on ITG from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Robert W. Baird began coverage on ITG in a report on Monday, July 27th. They set an “outperform” rating and a $19.00 target price on the stock. Weiss Ratings began coverage on shares of ITG in a research report on Friday, September 25th. They issued a “sell (e-)” rating on the stock. Wall Street Zen downgraded shares of ITG from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Finally, Morgan Stanley reduced their price objective on shares of ITG from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, August 17th.

ITG Trading Down 7.4%

NASDAQ:ITG opened at $5.66 on Wednesday. The company’s 50-day simple moving average is $9.10. ITG has a twelve month low of $4.43 and a twelve month high of $19.26. The stock has a market cap of $702.75 million and a P/E ratio of 70.75. The company has a debt-to-equity ratio of 23.48, a current ratio of 2.80 and a quick ratio of 2.80.

ITG (NASDAQ:ITG) last released its quarterly earnings data on Monday, June 22nd. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $333.92 million during the quarter. On average, equities research analysts predict that ITG will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ITG stock. Pictet Asset Management Holding SA purchased a new stake in ITG Inc. (NASDAQ:ITG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 659,623 shares of the company’s stock, valued at approximately $5,129,000. Pictet Asset Management Holding SA owned approximately 0.53% of ITG as of its most recent filing with the Securities and Exchange Commission (SEC).

ITG Company Profile

Investment Technology Group, Inc (NASDAQ: ITG) was a financial technology company that provided electronic trading, brokerage, and investment research services to institutional investors. Its clients included asset managers, hedge funds, broker-dealers, and other financial institutions seeking technology and execution services for trading equities and other securities.

ITG’s products and services included electronic trading platforms, algorithmic trading tools, transaction-cost analysis, portfolio and trading analytics, and outsourced trading support.