Capital Fund Management S.A. increased its position in Taser International Inc. (NASDAQ:TASR) by 49.1% during the second quarter, Holdings Channel reports. The firm owned 83,377 shares of the company’s stock after buying an additional 27,451 shares during the period. Capital Fund Management S.A.’s holdings in Taser International were worth $2,074,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in shares of Taser International during the second quarter worth approximately $211,000. IFP Advisors Inc boosted its position in Taser International by 18.1% in the first quarter. IFP Advisors Inc now owns 14,595 shares of the company’s stock valued at $286,000 after buying an additional 2,240 shares during the period. BNP Paribas Arbitrage SA boosted its position in Taser International by 102.2% in the second quarter. BNP Paribas Arbitrage SA now owns 16,404 shares of the company’s stock valued at $408,000 after buying an additional 8,293 shares during the period. Aperio Group LLC acquired a new position in Taser International during the first quarter valued at about $433,000. Finally, Oak Associates Ltd. OH acquired a new position in Taser International during the first quarter valued at about $493,000. 71.54% of the stock is currently owned by institutional investors and hedge funds.
Taser International Inc. (NASDAQ:TASR) traded up 0.43% during midday trading on Thursday, reaching $23.30. The company’s stock had a trading volume of 2,079,126 shares. Taser International Inc. has a 12-month low of $13.56 and a 12-month high of $30.15. The company has a market cap of $1.22 billion, a P/E ratio of 93.20 and a beta of 0.33. The firm has a 50 day moving average price of $27.00 and a 200-day moving average price of $23.91.
Taser International (NASDAQ:TASR) last announced its quarterly 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. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The business had revenue of $58.80 million for the quarter, compared to the consensus estimate of $54.25 million. During the same period last year, the business posted $0.11 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. On average, equities research analysts predict that Taser International Inc. will post $0.27 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Ladenburg Thalmann reissued a “buy” rating and set a $28.00 target price on shares of Taser International in a research note on Friday, July 1st. Zacks Investment Research raised Taser International from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, June 30th. Dougherty & Co reissued a “buy” rating and set a $23.00 target price on shares of Taser International in a research note on Thursday, June 23rd. CL King raised Taser International from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, July 6th. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Taser International in a research note on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus 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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