PineBridge Investments L.P. maintained its position in shares of Taser International Inc. (NASDAQ:TASR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,561 shares of the company’s stock at the end of the second quarter. PineBridge Investments L.P.’s holdings in Taser International were worth $164,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in shares of Taser International by 24.1% in the second quarter. Ameriprise Financial Inc. now owns 312,964 shares of the company’s stock worth $7,787,000 after buying an additional 60,845 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Taser International by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 2,270,332 shares of the company’s stock worth $56,485,000 after buying an additional 205,121 shares during the period. Capital Fund Management S.A. boosted its position in shares of Taser International by 49.1% in the second quarter. Capital Fund Management S.A. now owns 83,377 shares of the company’s stock worth $2,074,000 after buying an additional 27,451 shares during the period. Private Trust Co. NA purchased a new position in shares of Taser International during the second quarter worth approximately $211,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Taser International by 102.2% in the second quarter. BNP Paribas Arbitrage SA now owns 16,404 shares of the company’s stock worth $408,000 after buying an additional 8,293 shares during the period. Institutional investors own 71.54% of the company’s stock.
Shares of Taser International Inc. (NASDAQ:TASR) opened at 28.61 on Friday. The stock’s 50 day moving average price is $27.65 and its 200 day moving average price is $23.77. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 114.44 and a beta of 0.39. Taser International Inc. has a 12 month low of $13.56 and a 12 month high of $30.15.
Taser International (NASDAQ:TASR) last released its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The company earned $58.80 million during the quarter, compared to analyst estimates of $54.25 million. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. Equities research analysts predict that Taser International Inc. will post $0.27 earnings per share for the current fiscal year.
A number of research firms have issued reports on TASR. Ladenburg Thalmann reaffirmed a “buy” rating and issued a $31.00 price target (up previously from $28.00) on shares of Taser International in a research report on Friday, August 5th. JPMorgan Chase & Co. set a $31.00 price target on Taser International and gave the company a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research raised Taser International from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Taser International in a research report on Tuesday, July 12th. Finally, CL King raised Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.72.
Taser International Company Profile
TASER International, Inc is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution).
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