Robert W. Baird Has Lowered Expectations for ITG (NASDAQ:ITG) Stock Price

ITG (NASDAQ:ITG) had its price target cut by stock analysts at Robert W. Baird from $14.00 to $10.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird‘s target price indicates a potential upside of 94.93% from the company’s previous close.

Several other analysts have also issued reports on the stock. Stifel Nicolaus cut their target price on shares of ITG from $16.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Truist Financial dropped their price target on shares of ITG from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Weiss Ratings started coverage on shares of ITG in a research report on Friday, September 25th. They set a “sell (e-)” rating for the company. Wall Street Zen downgraded shares of ITG from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Finally, Citigroup reduced their price objective on ITG from $17.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ITG presently has an average rating of “Moderate Buy” and an average price target of $13.11.

ITG Trading Down 3.9%

ITG stock opened at $5.13 on Thursday. The stock’s 50 day moving average is $8.23. ITG has a 1 year low of $4.11 and a 1 year high of $19.26. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 23.48.

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

Institutional Inflows and Outflows

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) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

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.