Vetr upgraded shares of Taser International Inc. (NASDAQ:TASR) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Taser International from a sell rating to a hold rating in a report on Thursday, August 4th. CL King upgraded shares of Taser International from a neutral rating to a buy rating and set a $32.00 price objective for the company in a report on Wednesday, July 6th. Oppenheimer Holdings Inc. reiterated a rating on shares of Taser International in a report on Friday, October 7th. Ladenburg Thalmann reiterated a buy rating and set a $28.00 price objective on shares of Taser International in a report on Friday, July 1st. Finally, Dougherty & Co reiterated a buy rating and set a $23.00 price objective on shares of Taser International in a report on Thursday, June 23rd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Taser International presently has a consensus rating of Buy and a consensus price target of $27.63.
Shares of Taser International (NASDAQ:TASR) opened at 22.77 on Wednesday. The firm has a 50-day moving average of $25.89 and a 200-day moving average of $24.04. Taser International has a one year low of $13.56 and a one year high of $30.15. The stock has a market cap of $1.19 billion, a PE ratio of 91.08 and a beta of 0.33.
Taser International (NASDAQ:TASR) last released its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The firm earned $58.80 million during the quarter, compared to analyst estimates of $54.25 million. Taser International had a net margin of 6.22% and a return on equity of 9.25%. The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. On average, equities research analysts expect that Taser International will post $0.27 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new position in Taser International during the second quarter worth approximately $211,000. Capital Management Associates NY purchased a new position in Taser International during the second quarter valued at approximately $251,000. Laurel Wealth Advisors Inc. purchased a new position in Taser International during the second quarter valued at approximately $256,000. HighPoint Advisor Group LLC raised its position 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 period. Finally, IFP Advisors Inc raised its position in Taser International by 3.5% in the second quarter. IFP Advisors Inc now owns 15,113 shares of the company’s stock valued at $376,000 after buying an additional 518 shares during the period. 71.52% of the stock is currently owned by institutional investors and hedge funds.
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).