Brokers Set Expectations for VirTra, Inc.'s Q1 2024 Earnings (NASDAQ:VTSI)

VirTra, Inc. (NASDAQ:VTSI - Free Report) - Research analysts at Roth Capital upped their Q1 2024 earnings estimates for VirTra in a report issued on Wednesday, April 3rd. Roth Capital analyst R. Baldry now expects that the company will post earnings of $0.18 per share for the quarter, up from their previous forecast of $0.14. The consensus estimate for VirTra's current full-year earnings is $0.70 per share. Roth Capital also issued estimates for VirTra's Q2 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.32 EPS and FY2024 earnings at $0.86 EPS.

VTSI has been the subject of a number of other reports. Lake Street Capital boosted their target price on shares of VirTra from $9.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, December 29th. Roth Mkm boosted their target price on shares of VirTra from $14.50 to $19.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, TheStreet raised shares of VirTra from a "c+" rating to a "b-" rating in a research note on Tuesday, December 12th.

VirTra Trading Down 0.8 %

NASDAQ VTSI traded down $0.12 on Thursday, hitting $14.90. 540,789 shares of the stock were exchanged, compared to its average volume of 242,942. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.07 and a current ratio of 2.69. The stock has a fifty day moving average price of $10.60 and a two-hundred day moving average price of $8.57. The firm has a market capitalization of $165.39 million, a P/E ratio of 19.61, a P/E/G ratio of 0.63 and a beta of 0.85. VirTra has a 52-week low of $4.20 and a 52-week high of $15.62.

Institutional Trading of VirTra

Several institutional investors and hedge funds have recently made changes to their positions in the company. Occudo Quantitative Strategies LP raised its holdings in shares of VirTra by 13.3% in the fourth quarter. Occudo Quantitative Strategies LP now owns 13,578 shares of the company's stock valued at $129,000 after acquiring an additional 1,589 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of VirTra by 0.5% in the third quarter. Vanguard Group Inc. now owns 436,011 shares of the company's stock valued at $2,433,000 after acquiring an additional 2,270 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in VirTra by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 42,066 shares of the company's stock worth $398,000 after purchasing an additional 2,423 shares in the last quarter. Acadian Asset Management LLC raised its holdings in VirTra by 8.0% in the third quarter. Acadian Asset Management LLC now owns 45,935 shares of the company's stock worth $255,000 after purchasing an additional 3,421 shares in the last quarter. Finally, State Street Corp raised its holdings in VirTra by 11.8% in the first quarter. State Street Corp now owns 35,325 shares of the company's stock worth $215,000 after purchasing an additional 3,725 shares in the last quarter. 14.69% of the stock is currently owned by institutional investors.

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.