Gerber Kawasaki Wealth & Investment Management reduced its stake in shares of Taser International Inc. (NASDAQ:TASR) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,772 shares of the company’s stock after selling 6,555 shares during the period. Taser International comprises about 2.2% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 13th largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Taser International were worth $3,477,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of TASR. Aperio Group LLC purchased a new stake in Taser International during the first quarter valued at $433,000. Kennedy Capital Management Inc. purchased a new stake in Taser International during the first quarter valued at $2,503,000. Private Trust Co. NA purchased a new stake in Taser International during the second quarter valued at $211,000. Capital Fund Management S.A. increased its stake in Taser International by 49.1% in the second quarter. Capital Fund Management S.A. now owns 83,377 shares of the company’s stock valued at $2,074,000 after buying an additional 27,451 shares during the last quarter. Finally, Oak Associates Ltd. OH purchased a new stake in Taser International during the first quarter valued at $493,000. 71.52% of the stock is owned by institutional investors and hedge funds.
Taser International Inc. (NASDAQ:TASR) traded up 0.769% during trading on Monday, reaching $22.945. The company’s stock had a trading volume of 705,001 shares. The firm has a 50 day moving average of $25.89 and a 200 day moving average of $24.04. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 91.780 and a beta of 0.33. Taser International Inc. has a 52 week low of $13.56 and a 52 week high of $30.15.
Taser International (NASDAQ:TASR) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.07 EPS 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 business had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $54.25 million. During the same quarter last year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Analysts expect that Taser International Inc. will post $0.27 EPS for the current year.
TASR has been the subject of several research reports. Vetr raised Taser International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 12th. Oppenheimer Holdings Inc. reissued a “” rating on shares of Taser International in a report on Friday, October 7th. Ladenburg Thalmann cut Taser International from a “buy” rating to a “neutral” rating in a research report on Monday, October 3rd. Zacks Investment Research cut Taser International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Finally, 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. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $27.63.
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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