Cowen & Co. Believes Virtusa Corp (NASDAQ: VRTU) Won’t Stop Here

By Ryan Adsit

Cowen & Co. analyst Bryan Bergin reiterated a Buy rating on Virtusa Corp (NASDAQ: VRTU) today and set a price target of $37. The company’s shares closed yesterday at $38.07, close to its 52-week high of $39.07.

According to TipRanks.com, Bergin is a 5-star analyst with an average return of 17.3% and a 98.0% success rate. Bergin covers the Technology sector, focusing on stocks such as Sapiens International Corporation, DXC Technology Company, and Exlservice Holdings.

Virtusa Corp has an analyst consensus of Strong Buy, with a price target consensus of $38.75.

Virtusa Corp’s market cap is currently $1.11B and has a P/E ratio of 54.39. The company has a book value ratio of 2.3260.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Robert Davoli, a Director at VRTU sold 2,941 shares for a total of $104,060.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Virtusa Corp. engages in the provision of information technology consulting, technology implementation, and application outsourcing services. Its services includes business process management, application services, infrastructure management, enterprise information management, independent validation services, platforming, mobility, enterprise resource planning (ERP) planning, business consulting, customer experience management, and cloud. The company was founded by Krishan A. Canekeratne, Tushara Canekeratne and John Gillis in November 1996 and is headquartered in Westborough, MA.