Taser International Inc. (NASDAQ:TASR) dropped 3% during mid-day trading on Tuesday . The stock traded as low as $26.39 and last traded at $26.84, with a volume of 1,390,866 shares traded. The stock had previously closed at $27.66.

A number of equities research analysts have weighed in on the stock. Dougherty & Co reiterated a “buy” rating and set a $21.00 price target on shares of Taser International in a research report on Tuesday, March 29th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Taser International in a research report on Monday, May 9th. Vetr upgraded shares of Taser International from a “buy” rating to a “strong-buy” rating and set a $21.24 price target for the company in a research report on Monday, April 18th. JPMorgan Chase & Co. upgraded shares of Taser International from a “neutral” rating to an “overweight” rating in a research report on Wednesday, June 1st. Finally, Zacks Investment Research cut shares of Taser International from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $27.63.

The firm has a market capitalization of $1.42 billion and a price-to-earnings ratio of 93.10. The company’s 50-day moving average is $23.45 and its 200-day moving average is $19.23.

Taser International (NASDAQ:TASR) last released its earnings results on Wednesday, May 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The firm earned $55.50 million during the quarter, compared to analysts’ expectations of $51.82 million. Taser International’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share. On average, equities research analysts expect that Taser International Inc. will post $0.28 EPS for the current year.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. 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 worth $8,614,000 after buying an additional 5,500 shares during the period. 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 worth $1,226,000 after buying an additional 5,005 shares during the period. Finally, 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 worth $1,713,000 after buying an additional 1,551 shares during the period.

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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