ITG (NASDAQ:ITG – Get Free Report) issued its earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $404.63 million for the quarter.
ITG Price Performance
NASDAQ ITG traded up $0.86 on Wednesday, hitting $13.23. The company had a trading volume of 240,675 shares, compared to its average volume of 466,306. ITG has a 12-month low of $10.37 and a 12-month high of $19.26.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Robert W. Baird initiated coverage on ITG in a research report on Monday, July 27th. They set an “outperform” rating and a $19.00 price target on the stock. Zacks Research raised shares of ITG to a “hold” rating in a research note on Tuesday, July 28th. Vertical Research assumed coverage on shares of ITG in a report on Monday, July 27th. They set a “buy” rating and a $20.00 target price for the company. Wall Street Zen upgraded shares of ITG to a “hold” rating in a research report on Sunday, July 12th. Finally, KeyCorp initiated coverage on shares of ITG in a report on Monday, July 27th. They issued an “overweight” rating and a $17.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $17.56.
ITG Company Profile
ITG, Inc was a financial services company best known for its institutional brokerage and trading services. The firm provided execution, electronic trading, and related brokerage solutions designed to help asset managers and other institutional investors trade securities more efficiently.
The company also offered portfolio trading, agency trading, and workflow tools that supported the investment process from order generation through execution. Over time, ITG developed technology-enabled services aimed at improving trading performance, transparency, and access to liquidity across equity markets.
ITG served institutional clients in the United States and other major financial markets.
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