Goldman Sachs Group Inc. Lowers Stake in VirTra, Inc. $VTSI

Goldman Sachs Group Inc. reduced its position in shares of VirTra, Inc. (NASDAQ:VTSI) by 20.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,106 shares of the company’s stock after selling 11,140 shares during the quarter. Goldman Sachs Group Inc. owned 0.38% of VirTra worth $175,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in VirTra during the first quarter valued at approximately $94,000. Bank of New York Mellon Corp grew its position in VirTra by 19.8% during the first quarter. Bank of New York Mellon Corp now owns 25,278 shares of the company’s stock valued at $103,000 after buying an additional 4,184 shares during the period. Finally, NewEdge Advisors LLC grew its position in VirTra by 88.5% during the first quarter. NewEdge Advisors LLC now owns 27,406 shares of the company’s stock valued at $112,000 after buying an additional 12,864 shares during the period. 14.69% of the stock is currently owned by institutional investors.

VirTra Price Performance

VTSI stock opened at $5.50 on Tuesday. VirTra, Inc. has a one year low of $3.57 and a one year high of $8.53. The company’s fifty day moving average price is $5.95 and its 200-day moving average price is $5.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.13 and a current ratio of 4.40. The company has a market capitalization of $61.99 million, a PE ratio of 55.01 and a beta of 0.63.

VirTra (NASDAQ:VTSI) last released its earnings results on Monday, August 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). VirTra had a return on equity of 2.41% and a net margin of 4.15%.The company had revenue of $6.98 million during the quarter, compared to analysts’ expectations of $6.34 million. On average, equities analysts anticipate that VirTra, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of VirTra from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $7.00.

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.