Taser International Inc. (TASR) Shares Gap Up to $25.77
Taser International Inc. (NASDAQ:TASR) gapped up prior to trading on Friday . The stock had previously closed at $24.83, but opened at $25.77. Taser International shares last traded at $27.33, with a volume of 2,342,063 shares changing hands.
Several equities research analysts have recently commented on TASR shares. Vetr lowered shares of Taser International from a “strong-buy” rating to a “buy” rating and set a $22.01 price target for the company. in a report on Tuesday, May 17th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $26.00 price objective (up previously from $25.00) on shares of Taser International in a research note on Tuesday, May 17th. Zacks Investment Research lowered shares of Taser International from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Ladenburg Thalmann reiterated a “buy” rating and set a $24.00 price objective on shares of Taser International in a research note on Friday, May 6th. Finally, Dougherty & Co boosted their price objective on shares of Taser International from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Taser International currently has an average rating of “Buy” and a consensus target price of $27.63.
The company has a market cap of $1.44 billion and a P/E ratio of 94.14. The firm has a 50 day moving average of $23.27 and a 200-day moving average of $19.14.
Taser International (NASDAQ:TASR) last announced its earnings results on Wednesday, May 4th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The company had revenue of $55.50 million for the quarter, compared to analysts’ expectations of $51.82 million. During the same period last year, the business earned $0.13 EPS. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, analysts expect that Taser International Inc. will post $0.28 earnings per share for the current year.
Other hedge funds and institutional investors have bought and sold shares of the company. Rhumbline Advisers raised its position in Taser International by 7.6% in the fourth quarter. Rhumbline Advisers now owns 70,888 shares of the company’s stock valued at $1,226,000 after buying an additional 5,005 shares during the last quarter. California State Teachers Retirement System raised its position 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 valued at $1,713,000 after buying an additional 1,551 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position 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 valued at $8,614,000 after buying an additional 5,500 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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