Wall Street Zen Upgrades VirTra (NASDAQ:VTSI) to Buy

VirTra (NASDAQ:VTSI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

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

VirTra Stock Down 1.6%

VTSI opened at $6.06 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.03 and a current ratio of 4.54. VirTra has a fifty-two week low of $3.57 and a fifty-two week high of $8.98. The firm’s fifty day moving average is $6.17 and its 200 day moving average is $5.69. The stock has a market cap of $68.24 million, a price-to-earnings ratio of 31.90 and a beta of 0.55.

VirTra (NASDAQ:VTSI) last released its earnings results 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. VirTra had a net margin of 8.22% and a return on equity of 4.66%. The company had revenue of $7.16 million for the quarter, compared to analysts’ expectations of $5.46 million. On average, sell-side analysts forecast that VirTra will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of VirTra

Several hedge funds have recently bought and sold shares of VTSI. Wells Fargo & Company MN lifted its stake in 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 purchasing an additional 2,436 shares in the last quarter. Nuveen LLC purchased a new stake in VirTra in the 1st quarter worth $94,000. NewEdge Advisors LLC purchased a new stake in VirTra in the 4th quarter worth $98,000. Bank of New York Mellon Corp lifted its stake in VirTra by 19.8% in the 1st quarter. Bank of New York Mellon Corp now owns 25,278 shares of the company’s stock worth $103,000 after purchasing an additional 4,184 shares in the last quarter. Finally, Barclays PLC lifted its stake in VirTra by 15.0% in the 4th quarter. Barclays PLC now owns 17,275 shares of the company’s stock worth $117,000 after purchasing an additional 2,247 shares in the last quarter. Hedge funds and other institutional investors own 14.69% of the company’s stock.

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.