Taser International Inc. (NASDAQ:TASR) fell 7.1% on Wednesday . The stock traded as low as $27.27 and last traded at $27.31, with a volume of 1,461,462 shares. The stock had previously closed at $29.41.

Several brokerages have weighed in on TASR. Ladenburg Thalmann restated a “buy” rating and set a $24.00 price target on shares of Taser International in a report on Friday, May 6th. Zacks Investment Research downgraded Taser International from a “buy” rating to a “hold” rating in a report on Saturday, July 2nd. Vetr downgraded 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 reiterated 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. reiterated a “market perform” rating on shares of Taser International in a report on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $28.63.

The stock has a 50-day moving average price of $28.64 and a 200-day moving average price of $22.50. The stock has a market cap of $1.41 billion and a PE ratio of 108.32.

Taser International (NASDAQ:TASR) last issued its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ 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. During the same quarter in the previous year, the business posted $0.11 EPS. Taser International’s revenue was up 25.9% compared to the same quarter last year. Analysts expect that Taser International Inc. will post $0.27 earnings per share for the current fiscal year.

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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