ITG (NASDAQ:ITG) Stock Price Target Lowered at Robert W. Baird

ITG (NASDAQ:ITG) had its price objective decreased by Robert W. Baird from $14.00 to $10.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird‘s price objective indicates a potential upside of 94.93% from the company’s current price.

A number of other research firms have also recently weighed in on ITG. KeyCorp reduced their price objective on shares of ITG from $17.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Citigroup cut their price target on shares of ITG from $17.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Vertical Research assumed coverage on shares of ITG in a research note on Monday, July 27th. They set a “buy” rating and a $20.00 target price for the company. Truist Financial reduced their target price on ITG from $17.00 to $14.00 and set a “buy” rating for the company in a report on Monday, October 5th. Finally, Bank of America initiated coverage on ITG in a research note on Monday, July 27th. They issued a “buy” rating and a $16.00 target price on the stock. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.11.

ITG Stock Down 3.9%

NASDAQ:ITG opened at $5.13 on Thursday. 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 has a 1 year low of $4.11 and a 1 year high of $19.26. The company has a 50 day moving average of $8.23.

ITG (NASDAQ:ITG) last issued its earnings results on Wednesday, November 11th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $461.53 million during the quarter. Research analysts anticipate that ITG will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On ITG

A hedge fund recently bought a new stake in ITG stock. State Street Corp purchased a new stake in ITG Inc. (NASDAQ:ITG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 271,008 shares of the company’s stock, valued at approximately $2,107,000. State Street Corp owned 0.22% of ITG at the end of the most recent reporting period.

About ITG

Investment Technology Group, Inc. (ITG) was a financial technology and agency brokerage firm serving institutional investors. Its services included trade execution, execution algorithms, trading analytics and tools designed to help clients manage and evaluate their equity trading. ITG’s products included POSIT, an alternative trading system that matched buyers and sellers, and Triton, an execution management system. The company also provided transaction-cost analysis and related research to help clients assess trading performance.