Taser International Inc. (NASDAQ:TASR) has earned an average recommendation of “Buy” from the nine research firms that are currently covering the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $27.00.
A number of research analysts have weighed in on TASR shares. Zacks Investment Research cut shares of Taser International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. JPMorgan Chase & Co. set a $31.00 price objective on shares of Taser International and gave the company a “buy” rating in a research report on Friday, August 5th. CL King upgraded shares of Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, July 6th. Ladenburg Thalmann reiterated a “buy” rating and set a $31.00 price objective (up previously from $28.00) on shares of Taser International in a research report on Friday, August 5th. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Taser International in a research report on Tuesday, July 12th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Columbia Wanger Asset Management LLC bought a new position in Taser International during the second quarter worth approximately $10,538,000. Cortina Asset Management LLC acquired a new stake in Taser International during the second quarter worth $6,813,000. Primecap Management Co. CA acquired a new stake in Taser International during the second quarter worth $5,656,000. Bank of New York Mellon Corp raised its stake in 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. Finally, Kennedy Capital Management Inc. acquired a new stake in Taser International during the first quarter worth $2,503,000. Hedge funds and other institutional investors own 71.54% of the company’s stock.
Shares of Taser International (NASDAQ:TASR) traded down 1.81% during midday trading on Tuesday, reaching $23.85. The company had a trading volume of 1,860,826 shares. The firm’s 50 day moving average price is $27.51 and its 200-day moving average price is $23.88. Taser International has a 1-year low of $13.56 and a 1-year high of $30.15. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 95.40 and a beta of 0.33.
Taser International (NASDAQ:TASR) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. Taser International had a net margin of 6.22% and a return on equity of 9.25%. The company had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $54.25 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. Taser International’s quarterly revenue was up 25.9% on a year-over-year basis. Equities research analysts expect that Taser International will post $0.27 EPS for the current fiscal year.
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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