FMP
Apr 28, 2025
Virtus Investment Partners, Inc. (NYSE:VRTS) is a prominent player in the investment management sector, offering a diverse range of strategies to both individual and institutional clients. The company faces stiff competition within the financial sector. On April 28, 2025, Benjamin Budish from Barclays set a price target of $150 for VRTS, slightly below its trading price of $153.28, indicating a minor discrepancy of about 2.14% from the target price.
During the Q1 2025 earnings call on April 25, 2025, Virtus showcased its financial prowess by reporting earnings of $5.73 per share, which exceeded the Zacks Consensus Estimate of $5.33 by 7.50%. This performance marked an improvement over the previous quarter's 0.27% earnings surprise. However, the company's revenue of $197.61 million did not meet the market expectations, missing the mark by 0.41%.
The current stock price of VRTS stands at $153.28, showing a decrease of 2.27% or $3.56. The stock has fluctuated between $152.26 and $155.58 on the day of reporting. Over the past year, VRTS has experienced a high of $252.82 and a low of $142.18. With a market capitalization of approximately $1.06 billion and a trading volume of 35,738 shares on the NASDAQ exchange, Virtus Investment Partners continues to be a significant entity in the investment management landscape.
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