Taser International Inc. (NASDAQ:TASR)‘s stock had its “” rating restated by stock analysts at Oppenheimer Holdings Inc. in a research note issued on Friday.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. set a $31.00 price target on shares of Taser International and gave the company a “buy” rating in a research report on Friday, August 5th. Ladenburg Thalmann reiterated a “buy” rating and issued a $31.00 price target (up from $28.00) on shares of Taser International in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Taser International from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, June 30th. Dougherty & Co reiterated a “buy” rating and issued a $23.00 price target on shares of Taser International in a research report on Thursday, June 23rd. Finally, CL King upgraded shares of Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, July 6th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $27.72.
Taser International (NASDAQ:TASR) traded down 3.73% on Friday, reaching $22.43. The company’s stock had a trading volume of 1,332,856 shares. The firm has a market cap of $1.17 billion, a P/E ratio of 89.72 and a beta of 0.33. The firm’s 50 day moving average is $26.80 and its 200-day moving average is $23.93. Taser International has a 12 month low of $13.56 and a 12 month high of $30.15.
Taser International (NASDAQ:TASR) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $58.80 million during the quarter, compared to the consensus estimate of $54.25 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. On average, equities research analysts anticipate that Taser International will post $0.27 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA bought a new stake in Taser International during the second quarter worth $211,000. Capital Management Associates NY bought a new stake in Taser International during the second quarter worth $251,000. Laurel Wealth Advisors Inc. bought a new stake in Taser International during the second quarter worth $256,000. HighPoint Advisor Group LLC boosted its stake in Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock worth $306,000 after buying an additional 768 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Taser International by 3.5% in the second quarter. IFP Advisors Inc now owns 15,113 shares of the company’s stock worth $376,000 after buying an additional 518 shares during the last quarter. 71.54% of the stock is currently owned by institutional investors and hedge funds.
About Taser International
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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