ITG (NASDAQ:ITG) Stock Gets Price Target Trim from Stifel Nicolaus

ITG (NASDAQ:ITG) had its price target lowered by Stifel Nicolaus from $9.00 to $8.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s target price would suggest a potential upside of 50.94% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Bank of America dropped their target price on shares of ITG from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday. Vertical Research began coverage on shares of ITG in a research note on Monday, July 27th. They issued a “buy” rating and a $20.00 price target for the company. Citigroup lowered their price target on shares of ITG from $17.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Truist Financial dropped their price objective 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. Finally, UBS Group assumed coverage on shares of ITG in a report on Monday, July 27th. They issued a “buy” rating and a $18.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.33.

ITG Stock Performance

ITG opened at $5.30 on Friday. The company has a debt-to-equity ratio of 23.48, a current ratio of 2.80 and a quick ratio of 2.80. The company has a 50 day moving average price of $8.07. ITG has a 52 week low of $4.11 and a 52 week high of $19.26.

ITG (NASDAQ:ITG) last issued its quarterly earnings results on Wednesday, November 11th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $461.53 million during the quarter. As a group, analysts expect that ITG will post 0.54 EPS for the current year.

Institutional Investors Weigh In On ITG

An institutional investor recently bought a new stake in ITG stock. Pictet Asset Management Holding SA purchased a new stake in shares of ITG Inc. (NASDAQ:ITG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 at the end of the most recent reporting period.

Key ITG News

Here’s some of the latest news about ITG:

• Positive Sentiment: ITG said adjusted EBITDA increased 64% and raised its fiscal 2026 outlook. Quarterly revenue was $461.53 million; full-year revenue guidance of $1.6 billion and Q4 guidance of $378 million were in line with consensus. ITG Posts Q3 Loss; Adj. EBITDA Up 64%; Lifts Fiscal 2026 Outlook
• Neutral Sentiment: Despite reducing their targets, Bank of America, Robert W. Baird and Morgan Stanley maintained positive ratings on ITG. Their new targets are $13, $10 and $9, respectively. Bank of America sets new price target Robert W. Baird sets new price target Morgan Stanley sets new price target
• Negative Sentiment: The target reductions are substantial: Bank of America cut its target from $16 to $13, Baird from $14 to $10, Morgan Stanley from $18 to $9, and KeyCorp from $13 to $10. The cuts suggest analysts have lowered their expectations, and ITG’s Q3 was also reported as a loss, despite stronger adjusted EBITDA and the improved outlook.

About ITG

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.