Taser International Inc. (TASR) Hits New 1-Year High at $29.58
Taser International Inc. (NASDAQ:TASR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $29.58 and last traded at $29.09, with a volume of 452,097 shares. The stock had previously closed at $28.96.
A number of research firms have issued reports on TASR. Ladenburg Thalmann reiterated a “buy” rating and set a $24.00 target price on shares of Taser International in a report on Friday, May 6th. Zacks Investment Research lowered shares of Taser International from a “buy” rating to a “hold” rating in a report on Saturday, July 2nd. Vetr lowered shares of Taser International from a “strong-buy” rating to a “buy” rating and set a $22.01 price objective on the stock. in a report on Wednesday, May 11th. Dougherty & Co restated a “buy” rating and issued a $23.00 price objective on shares of Taser International in a report on Thursday, June 23rd. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $27.63.
The company has a market cap of $1.52 billion and a PE ratio of 99.45. The company has a 50 day moving average of $26.02 and a 200 day moving average of $20.56.
Taser International (NASDAQ:TASR) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business had revenue of $55.50 million for the quarter, compared to analysts’ expectations of $51.82 million. Taser International’s quarterly revenue was up 23.9% compared to the same quarter last year. Equities research analysts predict that Taser International Inc. will post $0.28 earnings per share for the current fiscal year.
A number of large investors have added to or reduced their stakes in the company. New York State Common Retirement Fund increased 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 valued at $8,614,000 after buying an additional 5,500 shares in the last quarter. Rhumbline Advisers increased its stake 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 in the last quarter. Finally, California State Teachers Retirement System increased 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 valued at $1,713,000 after buying an additional 1,551 shares in 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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