Taser International Inc. (TASR) Sees Strong Trading Volume
Taser International Inc. (NASDAQ:TASR) shares saw strong trading volume on Wednesday . 1,003,711 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 786,114 shares.The stock last traded at $25.11 and had previously closed at $25.10.
A number of research analysts have issued reports on the company. CL King raised Taser International from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday. Zacks Investment Research cut Taser International from a “buy” rating to a “hold” rating in a research note on Saturday. Ladenburg Thalmann reissued a “buy” rating and issued a $28.00 target price on shares of Taser International in a research note on Friday, July 1st. Dougherty & Co reissued a “buy” rating and issued a $23.00 target price on shares of Taser International in a research note on Thursday, June 23rd. Finally, JPMorgan Chase & Co. raised Taser International from a “neutral” rating to an “overweight” rating in a research note on Wednesday, June 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Taser International presently has an average rating of “Buy” and an average price target of $27.63.
The stock has a 50-day moving average of $22.94 and a 200 day moving average of $19.02. The company has a market capitalization of $1.32 billion and a price-to-earnings ratio of 86.38.
Taser International (NASDAQ:TASR) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The firm had revenue of $55.50 million for the quarter, compared to analysts’ expectations of $51.82 million. During the same quarter in the previous year, the company earned $0.13 EPS. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, equities research analysts anticipate that Taser International Inc. will post $0.28 earnings per share for the current year.
Other large investors have recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in Taser International by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 498,217 shares of the company’s stock worth $8,614,000 after buying an additional 5,500 shares during the last quarter. California State Teachers Retirement System boosted its stake in Taser International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 99,070 shares of the company’s stock worth $1,713,000 after buying an additional 1,551 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Taser International by 7.6% in the fourth quarter. Rhumbline Advisers now owns 70,888 shares of the company’s stock worth $1,226,000 after buying an additional 5,005 shares during the last quarter.
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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