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

VirTra (NASDAQ:VTSI) had its price target cut by equities researchers at Lake Street Capital from $10.00 to $7.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s target price indicates a potential upside of 63.93% from the stock’s current price.

VirTra Stock Performance

VirTra stock opened at $4.27 on Friday. The firm has a market capitalization of $48.04 million, a PE ratio of 8.21 and a beta of 0.55. VirTra has a one year low of $4.27 and a one year high of $17.68. The stock’s 50 day moving average price is $5.85 and its 200 day moving average price is $6.40. 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 (NASDAQ:VTSI) last posted 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). The firm had revenue of $4.70 million for the quarter, compared to analyst estimates of $7.45 million. VirTra had a return on equity of 13.01% and a net margin of 18.24%. As a group, sell-side analysts expect that VirTra will post 0.34 EPS for the current fiscal year.

Institutional Trading of VirTra

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in VirTra by 31.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 306,619 shares of the company’s stock valued at $2,070,000 after purchasing an additional 74,216 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of VirTra in the 4th quarter valued at approximately $312,000. State Street Corp boosted its stake in shares of VirTra by 31.3% during the 3rd quarter. State Street Corp now owns 164,007 shares of the company’s stock valued at $1,020,000 after buying an additional 39,097 shares during the last quarter. Perritt Capital Management Inc boosted its stake in shares of 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 buying an additional 20,000 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of VirTra during the fourth quarter worth approximately $121,000. 14.69% of the stock is currently owned by institutional investors and hedge funds.

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.