Several other brokerages also recently issued reports on TASR. Ladenburg Thalmann downgraded Taser International from a buy rating to a neutral rating in a research report on Monday, October 3rd. JPMorgan Chase & Co. set a $31.00 price objective on Taser International and gave the company a buy rating in a research report on Friday, August 5th. Zacks Investment Research upgraded Taser International from a sell rating to a hold rating in a research report on Thursday, August 4th. CL King upgraded 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. Finally, Dougherty & Co restated a buy rating and issued a $23.00 price objective on shares of Taser International in a research report on Thursday, June 23rd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $27.72.
Taser International (NASDAQ:TASR) opened at 22.49 on Friday. Taser International has a 12-month low of $13.56 and a 12-month high of $30.15. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 89.96 and a beta of 0.33. The stock’s 50 day moving average price is $26.24 and its 200 day moving average price is $24.02.
Taser International (NASDAQ:TASR) last posted its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $58.80 million for 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%. Taser International’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Analysts forecast that Taser International will post $0.27 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in TASR. Bank of New York Mellon Corp increased its position 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 valued at $56,485,000 after buying an additional 205,121 shares during the period. Columbia Wanger Asset Management LLC acquired a new position in Taser International during the second quarter valued at $10,538,000. Ameriprise Financial Inc. increased its position in Taser International by 24.1% in the second quarter. Ameriprise Financial Inc. now owns 312,964 shares of the company’s stock valued at $7,787,000 after buying an additional 60,845 shares during the period. Ashford Capital Management Inc. increased its position in Taser International by 2.7% in the second quarter. Ashford Capital Management Inc. now owns 283,173 shares of the company’s stock valued at $7,045,000 after buying an additional 7,374 shares during the period. Finally, Cortina Asset Management LLC acquired a new position in Taser International during the second quarter valued at $6,813,000. Hedge funds and other institutional investors own 71.54% of the company’s stock.
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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