Lake Street Capital Issues Pessimistic Forecast for VirTra (NASDAQ:VTSI) Stock Price

VirTra (NASDAQ:VTSI) had its price target decreased by equities researchers at Lake Street Capital from $10.00 to $7.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Lake Street Capital’s price target suggests a potential upside of 62.98% from the stock’s previous close.

VirTra Stock Performance

Shares of NASDAQ VTSI traded down $0.88 during trading on Friday, hitting $4.30. The company had a trading volume of 114,888 shares, compared to its average volume of 60,023. The stock has a 50 day simple moving average of $5.91 and a 200 day simple moving average of $6.41. The firm has a market capitalization of $48.32 million, a P/E ratio of 8.26 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.46 and a current ratio of 5.02. VirTra has a 12 month low of $4.28 and a 12 month high of $17.68.

VirTra (NASDAQ:VTSI) last issued its earnings results 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). The business had revenue of $4.70 million for the quarter, compared to the consensus estimate of $7.45 million. VirTra had a net margin of 18.24% and a return on equity of 13.01%. As a group, analysts anticipate that VirTra will post 0.34 earnings per share for the current year.

Institutional Investors Weigh In On VirTra

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in VirTra by 32.3% in the third quarter. BNP Paribas Financial Markets now owns 5,035 shares of the company’s stock worth $31,000 after buying an additional 1,229 shares during the last quarter. Barclays PLC lifted its holdings in shares of VirTra by 15.0% in the 4th quarter. Barclays PLC now owns 17,275 shares of the company’s stock worth $117,000 after acquiring an additional 2,247 shares during the last quarter. Wells Fargo & Company MN grew its holdings 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 purchasing an additional 2,436 shares during the last quarter. Bank of New York Mellon Corp raised its position in VirTra by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 21,094 shares of the company’s stock worth $142,000 after purchasing an additional 3,022 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in VirTra by 28.4% in the third quarter. Janus Henderson Group PLC now owns 17,705 shares of the company’s stock worth $110,000 after purchasing an additional 3,920 shares during the last quarter. 14.69% of the stock is currently owned by hedge funds and other 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.