Global Medical REIT Inc. (GMRE) Forms $6.77 Double Bottom; Virtusa (VRTU) Sentiment Is 1.5

April 4, 2018 - By Martha Paddon

Global Medical REIT Inc. (NYSE:GMRE) Logo

Global Medical REIT Inc. (GMRE) formed double bottom with $6.36 target or 6.00% below today’s $6.77 share price. Global Medical REIT Inc. (GMRE) has $149.17 million valuation. The stock decreased 1.31% or $0.09 during the last trading session, reaching $6.77. About 100,508 shares traded. Global Medical REIT Inc. (NYSE:GMRE) has declined 20.98% since April 4, 2017 and is downtrending. It has underperformed by 32.53% the S&P500.

Virtusa Corp (VRTU) investors sentiment increased to 1.5 in Q4 2017. It’s up 0.70, from 0.8 in 2017Q3. The ratio is better, as 87 investment professionals increased or opened new holdings, while 58 cut down and sold holdings in Virtusa Corp. The investment professionals in our database now hold: 24.34 million shares, down from 25.23 million shares in 2017Q3. Also, the number of investment professionals holding Virtusa Corp in top ten holdings decreased from 2 to 0 for a decrease of 2. Sold All: 7 Reduced: 51 Increased: 50 New Position: 37.

P.A.W. Capital Corp holds 2.77% of its portfolio in Virtusa Corporation for 50,000 shares. S Squared Technology Llc owns 66,437 shares or 2.67% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.61% invested in the company for 456,500 shares. The Massachusetts-based Granahan Investment Management Inc Ma has invested 1.32% in the stock. Summit Creek Advisors Llc, a Minnesota-based fund reported 142,422 shares.

Ratings analysis reveals 67% of Virtusa’s analysts are positive. Out of 3 Wall Street analysts rating Virtusa, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $24.0 while the high is $29.0. The stock’s average target of $26.33 is -45.26% below today’s ($48.1) share price. VRTU was included in 3 notes of analysts from September 9, 2016. The rating was maintained by Needham with “Buy” on Thursday, November 10. Maxim Group maintained Virtusa Corporation (NASDAQ:VRTU) rating on Thursday, November 10. Maxim Group has “Buy” rating and $26.0 target. The rating was initiated by Wedbush on Friday, September 9 with “Neutral”.

Virtusa Corporation operates as an information technology services company. The company has market cap of $1.42 billion. It offers business and IT consulting services comprising advisory/target operating model, business process re-engineering/BPM, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design ASD, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services. It has a 242.93 P/E ratio. The firm also provides technology implementation services, such as application development, software product engineering, CRM and SAP implementation, content management, enterprise mobility, cloud computing, and social media solutions; systems consolidation and rationalization, technology migration and porting, and legacy application Web-enablement; data management, business intelligence, reporting and decision support, master data management, data integration, and big data analytics; and software quality assurance and managed testing services.

Analysts await Virtusa Corporation (NASDAQ:VRTU) to report earnings on May, 15. They expect $0.37 earnings per share, up 48.00% or $0.12 from last year’s $0.25 per share. VRTU’s profit will be $10.89 million for 32.50 P/E if the $0.37 EPS becomes a reality. After $0.19 actual earnings per share reported by Virtusa Corporation for the previous quarter, Wall Street now forecasts 94.74% EPS growth.

The stock increased 2.41% or $1.13 during the last trading session, reaching $48.1. About 128,498 shares traded. Virtusa Corporation (VRTU) has risen 56.23% since April 4, 2017 and is uptrending. It has outperformed by 44.68% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 15 sales for $8.27 million activity.

Virtusa Corporation (NASDAQ:VRTU) Institutional Positions Chart