VirTra (NASDAQ:VTSI) Trading 2.2% Higher - Still a Buy?

Key Points

• VirTra, Inc. shares increased by 2.2% on Monday, trading at $5.50 with a significant uptick in trading volume.
• Wall Street Zen upgraded VirTra from a "hold" to a "buy" rating, with a consensus price target of $7.00.
• The company reported a $0.02 earnings per share, slightly missing analysts' estimates, but achieved revenue of $6.98 million, exceeding expectations.

Shares of VirTra, Inc. (NASDAQ:VTSI - Get Free Report) were up 2.2% during trading on Monday . The stock traded as high as $5.54 and last traded at $5.50. Approximately 39,535 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 35,067 shares. The stock had previously closed at $5.38.

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, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $7.00.

VirTra Price Performance

The stock has a market capitalization of $61.99 million, a PE ratio of 55.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.40 and a quick ratio of 3.13. The stock's fifty day moving average is $5.95 and its 200-day moving average is $5.59.

VirTra (NASDAQ:VTSI - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). VirTra had a return on equity of 2.41% and a net margin of 4.15%.The firm had revenue of $6.98 million during the quarter, compared to analyst estimates of $6.34 million. As a group, equities analysts predict that VirTra, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of VirTra

Institutional investors have recently bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of VirTra in the first quarter valued at approximately $94,000. XTX Topco Ltd purchased a new stake in VirTra in the 2nd quarter worth $96,000. Bank of New York Mellon Corp increased its holdings 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 acquiring an additional 4,184 shares in the last quarter. NewEdge Advisors LLC raised its position in VirTra by 88.5% during the first quarter. NewEdge Advisors LLC now owns 27,406 shares of the company's stock worth $112,000 after acquiring an additional 12,864 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in VirTra during the second quarter valued at $198,000. 14.69% of the stock is owned by institutional investors and hedge funds.

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.

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