VirTra (NASDAQ:VTSI) Given New $7.00 Price Target at Lake Street Capital

VirTra (NASDAQ:VTSI) had its price target trimmed by Lake Street Capital from $10.00 to $7.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

VirTra Price Performance

Shares of VirTra stock opened at $4.27 on Friday. The company has a market capitalization of $48.04 million, a price-to-earnings ratio of 8.21 and a beta of 0.55. The company has a quick ratio of 3.46, a current ratio of 5.02 and a debt-to-equity ratio of 0.17. The stock’s 50-day simple moving average is $5.85 and its 200-day simple moving average is $6.39. VirTra has a 52 week low of $4.27 and a 52 week high of $17.68.

VirTra (NASDAQ:VTSI) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). The business had revenue of $4.70 million during the quarter, compared to the consensus estimate of $7.45 million. VirTra had a return on equity of 13.01% and a net margin of 18.24%. As a group, analysts expect that VirTra will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of VirTra

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in shares of VirTra by 32.3% during the third quarter. BNP Paribas Financial Markets now owns 5,035 shares of the company’s stock valued at $31,000 after purchasing an additional 1,229 shares in the last quarter. Wells Fargo & Company MN boosted its stake in VirTra by 74.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,692 shares of the company’s stock valued at $38,000 after buying an additional 2,436 shares during the last quarter. Wolverine Trading LLC purchased a new position in VirTra during the 3rd quarter valued at approximately $76,000. NewEdge Advisors LLC bought a new stake in VirTra in the 4th quarter worth approximately $98,000. Finally, Barclays PLC raised its holdings in shares of VirTra by 34.3% during the 3rd quarter. Barclays PLC now owns 15,028 shares of the company’s stock worth $94,000 after acquiring an additional 3,837 shares in the last quarter. 14.69% of the stock is currently owned by institutional investors.

VirTra Company Profile

VirTra, Inc provides use of force training and firearms training simulators for the law enforcement, military, and commercial markets worldwide. Its patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations.