VirTra (NASDAQ:VTSI) Price Target Lowered to $7.00 at Lake Street Capital

VirTra (NASDAQ:VTSI) had its target price dropped by research analysts at Lake Street Capital from $10.00 to $7.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s target price points to a potential upside of 62.98% from the stock’s current price.

VirTra Stock Down 16.9 %

Shares of VTSI stock traded down $0.88 on Friday, hitting $4.30. The stock had a trading volume of 114,888 shares, compared to its average volume of 60,023. 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 company has a market cap of $48.32 million, a PE ratio of 8.26 and a beta of 0.55. The business has a 50 day moving average price of $5.91 and a 200 day moving average price of $6.41. VirTra has a one year low of $4.28 and a one year high of $17.68.

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

Institutional Investors Weigh In On VirTra

Large investors have recently modified their holdings of the business. 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 during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in VirTra by 114.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 31,279 shares of the company’s stock valued at $211,000 after purchasing an additional 16,708 shares during the last quarter. State Street Corp increased its holdings in shares of VirTra by 31.3% during the 3rd quarter. State Street Corp now owns 164,007 shares of the company’s stock worth $1,020,000 after buying an additional 39,097 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of VirTra by 28.4% during the 3rd quarter. Janus Henderson Group PLC now owns 17,705 shares of the company’s stock valued at $110,000 after buying an additional 3,920 shares during the period. Finally, Wolverine Trading LLC acquired a new stake in VirTra during the third quarter worth $76,000. Hedge funds and other institutional investors own 14.69% of the company’s stock.

About VirTra

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.