ITG Inc. (NASDAQ:ITG) Stock Has Consensus Target Price of $15.11 According to Analysts

ITG Inc. (NASDAQ:ITG) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.11.

Several equities analysts have recently commented on ITG shares. Morgan Stanley lowered their target price on ITG from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, August 17th. UBS Group started coverage on shares of ITG in a research report on Monday, July 27th. They set a “buy” rating and a $18.00 price target on the stock. Robert W. Baird began coverage on ITG in a report on Monday, July 27th. They issued an “outperform” rating and a $19.00 price objective for the company. Truist Financial reduced their target price on shares of 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 started coverage on ITG in a report on Monday, July 27th. They set a “buy” rating and a $16.00 price objective on the stock.

Hedge Funds Weigh In On ITG

An institutional investor recently bought a new stake in ITG stock. Pictet Asset Management Holding SA acquired a new stake in shares of ITG Inc. (NASDAQ:ITG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 & Exchange Commission.

ITG Stock Performance

Shares of ITG stock opened at $5.34 on Wednesday. ITG has a 1 year low of $4.11 and a 1 year high of $19.26. The firm has a 50-day moving average of $8.36. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 23.48.

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

ITG Company Profile

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.