Insider Buying: VirTra (NASDAQ:VTSI) CEO Acquires 4,217 Shares of Stock

VirTra, Inc. (NASDAQ:VTSI) CEO John Givens II acquired 4,217 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was acquired at an average price of $4.73 per share, with a total value of $19,946.41. Following the completion of the transaction, the chief executive officer directly owned 327,605 shares of the company’s stock, valued at approximately $1,549,571.65. This represents a 1.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

VirTra Price Performance

VirTra stock traded down $0.20 during trading on Tuesday, reaching $4.77. The company had a trading volume of 43,722 shares, compared to its average volume of 79,601. 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 firm’s 50-day simple moving average is $5.64 and its 200 day simple moving average is $5.90. The firm has a market capitalization of $53.91 million, a PE ratio of 47.70 and a beta of 0.64. VirTra, Inc. has a 1-year low of $3.57 and a 1-year high of $8.20.

VirTra (NASDAQ:VTSI) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.08). VirTra had a net margin of 4.15% and a return on equity of 2.41%. The company had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $6.99 million. As a group, equities research analysts anticipate that VirTra, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on VTSI. Zacks Research cut VirTra from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Wall Street Zen cut shares of VirTra from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of VirTra in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $7.00.

Hedge Funds Weigh In On VirTra

Hedge funds have recently bought and sold shares of the company. Nuveen LLC acquired a new position in VirTra in the 1st quarter valued at about $94,000. Bank of New York Mellon Corp boosted its stake in shares of VirTra by 19.8% in the first quarter. Bank of New York Mellon Corp now owns 25,278 shares of the company’s stock valued at $103,000 after purchasing an additional 4,184 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of VirTra in the second quarter valued at approximately $228,000. Marshall Wace LLP purchased a new stake in VirTra during the 2nd quarter worth approximately $868,000. Finally, Jane Street Group LLC acquired a new stake in VirTra during the 2nd quarter worth approximately $341,000. Institutional investors and hedge funds own 14.69% of the company’s stock.

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.