Maxim Group analyst Allen Klee maintained a Buy rating on VirTra Inc (VTSI) today and set a price target of $12. The company’s shares closed yesterday at $4.63, close to its 52-week low of $4.10.
Klee said:
“We project 3Q18 revenue of $4.9M, up 5% y/y, gross margin of 60.5%, operating margin of 9.3% and EPS of $0.05. Any potential budget flushes for municipal customer’s (whose fiscal year’s typically end in September) could add upside to our estimates.”
According to TipRanks.com, Klee is a 1-star analyst with an average return of -4.6% and a 38.5% success rate. Klee covers the Technology sector, focusing on stocks such as Net 1 Ueps, Stampscom, and Agilysys.
Currently, the analyst consensus on VirTra Inc is a Moderate Buy with an average price target of $10.
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Based on VirTra Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.11 million. In comparison, last year the company had a net profit of $742.1K.
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VirTra, Inc. engages in the development and sale of force training and marksmanship firearms training systems and accessories for law inforcement, military, educational or civilian use. It also offers simulators and related products worldwide through a direct sales force and international distribution partners.
