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

VirTra (NASDAQ:VTSI) had its price target decreased by Lake Street Capital from $10.00 to $7.00 in a research report report published on Friday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

VirTra Stock Down 17.2 %

VTSI stock opened at $4.27 on Friday. The stock has a market cap of $48.04 million, a PE ratio of 8.21 and a beta of 0.55. The firm’s 50-day simple moving average is $5.85 and its 200 day simple moving average is $6.40. VirTra has a fifty-two week low of $4.27 and a fifty-two week high of $17.68. The company has a quick ratio of 3.46, a current ratio of 5.02 and a debt-to-equity ratio of 0.17.

VirTra (NASDAQ:VTSI) last announced its quarterly earnings results on Thursday, March 27th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.15). The firm had revenue of $4.70 million during the quarter, compared to analyst estimates of $7.45 million. VirTra had a net margin of 18.24% and a return on equity of 13.01%. As a group, sell-side analysts predict that VirTra will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VTSI. BNP Paribas Financial Markets raised its stake 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 increased its stake in VirTra by 74.8% during the 4th 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 period. Wolverine Trading LLC bought a new stake in shares of VirTra during the 3rd quarter worth about $76,000. Barclays PLC lifted its stake in shares of VirTra by 34.3% in 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. Finally, NewEdge Advisors LLC bought a new position in shares of VirTra in the fourth quarter valued at approximately $98,000. 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.