In a report released today, Allen Klee from Maxim Group maintained a Buy rating on VirTra Inc (VTSI), with a price target of $12. The company’s shares closed yesterday at $4.66.
Klee noted:
“3Q18 revenue of $3.5M, down 24% y/y, missed our estimate of $4.9M and consensus of $5.0M. $0.01 missed our estimate of $0.05 and consensus of $0.04.”
According to TipRanks.com, Klee has 0 stars on 0-5 star ranking scale with an average return of -8.4% and a 34.1% success rate. Klee covers the Technology sector, focusing on stocks such as Net 1 Ueps, Stampscom, and Agilysys.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VirTra Inc with a $10 average price target.
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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.
