Raymond James Financial Inc. Invests $121,000 in VirTra, Inc. (NASDAQ:VTSI)

Raymond James Financial Inc. bought a new position in VirTra, Inc. (NASDAQ:VTSI) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 17,863 shares of the company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VTSI. Wells Fargo & Company MN increased its stake in shares of VirTra by 74.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,692 shares of the company’s stock worth $38,000 after acquiring an additional 2,436 shares in the last quarter. Barclays PLC lifted its position 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. Bank of New York Mellon Corp lifted its position in VirTra by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 21,094 shares of the company’s stock valued at $142,000 after acquiring an additional 3,022 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in VirTra by 114.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 31,279 shares of the company’s stock valued at $211,000 after acquiring an additional 16,708 shares during the period. Finally, Perritt Capital Management Inc lifted its position in VirTra by 100.0% during the 4th quarter. Perritt Capital Management Inc now owns 40,000 shares of the company’s stock valued at $270,000 after acquiring an additional 20,000 shares during the period. 14.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital lowered their price target on shares of VirTra from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, March 28th.

VirTra Trading Up 37.3%

Shares of NASDAQ VTSI opened at $6.41 on Wednesday. The stock has a market cap of $72.18 million, a P/E ratio of 12.33 and a beta of 0.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.02 and a quick ratio of 3.46. VirTra, Inc. has a 1 year low of $3.57 and a 1 year high of $17.06. The firm has a 50-day moving average of $4.59 and a 200 day moving average of $5.94.

VirTra (NASDAQ:VTSI) last released its quarterly earnings data on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. The business had revenue of $7.16 million during the quarter, compared to analyst estimates of $5.46 million. VirTra had a net margin of 18.24% and a return on equity of 13.01%. As a group, sell-side analysts expect that VirTra, Inc. will post 0.34 EPS for the current fiscal year.

VirTra 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.