Lake Street Capital Has Lowered Expectations for VirTra (NASDAQ:VTSI) Stock Price

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

VirTra Trading Down 17.2 %

VTSI opened at $4.27 on Friday. The stock has a 50-day moving average of $5.85 and a 200 day moving average of $6.39. The company has a current ratio of 5.02, a quick ratio of 3.46 and a debt-to-equity ratio of 0.17. VirTra has a 12 month low of $4.27 and a 12 month high of $17.68. The firm has a market cap of $48.04 million, a P/E ratio of 8.21 and a beta of 0.55.

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

Hedge Funds Weigh In On VirTra

A number of large investors have recently made changes to their positions in VTSI. BNP Paribas Financial Markets raised its position in VirTra by 32.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,035 shares of the company’s stock worth $31,000 after purchasing an additional 1,229 shares during the period. Wells Fargo & Company MN grew its stake in shares of 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 stake in shares of VirTra in the third quarter worth approximately $76,000. NewEdge Advisors LLC bought a new stake in shares of VirTra during the 4th quarter worth approximately $98,000. Finally, Barclays PLC boosted its holdings in VirTra by 34.3% during the 3rd quarter. Barclays PLC now owns 15,028 shares of the company’s stock valued at $94,000 after acquiring an additional 3,837 shares during the period. 14.69% of the stock is 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.