A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. set a $31.00 price objective on Taser International and gave the company a buy rating in a research note on Friday, August 5th. Zacks Investment Research upgraded Taser International from a sell rating to a hold rating in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Taser International in a research note on Tuesday, July 12th. CL King upgraded Taser International from a neutral rating to a buy rating and set a $32.00 price objective for the company in a research note on Wednesday, July 6th. Finally, Dougherty & Co reiterated a buy rating and set a $23.00 price objective on shares of Taser International in a research note on Thursday, June 23rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Taser International currently has a consensus rating of Buy and a consensus target price of $27.72.
Taser International (NASDAQ:TASR) opened at 23.30 on Monday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 93.20 and a beta of 0.33. The stock has a 50 day moving average price of $27.00 and a 200-day moving average price of $23.91. Taser International has a 1-year low of $13.56 and a 1-year high of $30.15.
Taser International (NASDAQ:TASR) last issued its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. On average, equities research analysts forecast that Taser International will post $0.27 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Aperio Group LLC purchased a new stake in Taser International during the first quarter valued at about $433,000. Cortina Asset Management LLC purchased a new stake in Taser International during the second quarter valued at about $6,813,000. Private Trust Co. NA purchased a new stake in Taser International during the second quarter valued at about $211,000. Kennedy Capital Management Inc. purchased a new stake in Taser International during the first quarter valued at about $2,503,000. Finally, 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 valued at $306,000 after buying an additional 768 shares during the last quarter. Hedge funds and other institutional investors own 71.54% of the company’s stock.
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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