Halper Sadeh Investigates Virtu Financial Officers for Breach of Fiduciary Duties
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Investigation Background: Halper Sadeh LLC is investigating whether certain officers of Virtu Financial, Inc. breached their fiduciary duties to shareholders, potentially impacting corporate governance and shareholder rights.
- Shareholder Rights Protection: Long-term shareholders of Virtu stock may seek corporate governance reforms, fund returns, or court-approved financial awards, aimed at enhancing company transparency and accountability.
- Legal Fee Arrangement: The firm will handle the case on a contingent fee basis, meaning shareholders will not be responsible for out-of-pocket legal fees or expenses, reducing the financial burden of participation.
- Importance of Participation: Shareholder involvement can improve company policies and oversight mechanisms, thereby enhancing shareholder value and promoting more effective management and transparency within the organization.
Analyst Views on VIRT
Wall Street analysts forecast VIRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VIRT is 41.40 USD with a low forecast of 35.00 USD and a high forecast of 49.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 35.180
Low
35.00
Averages
41.40
High
49.00
Current: 35.180
Low
35.00
Averages
41.40
High
49.00
About VIRT
Virtu Financial, Inc. is a financial services company that leverages technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. The Company's segments include Market Making and Execution Services. Its Market Making segment principally consists of market making in the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment comprises client-based trading and trading venues, offering execution services in global equities, options, futures and fixed income on behalf of institutions, banks and broker-dealers. Its integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools. It provides a product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
