Taser International Inc. (TASR) Trading Up 2.3%
Shares of Taser International Inc. (NASDAQ:TASR) were up 2.3% during trading on Tuesday . The company traded as high as $29.68 and last traded at $29.42, with a volume of 1,010,891 shares. The stock had previously closed at $28.76.
A number of analysts have recently commented on TASR shares. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Taser International in a research report on Monday, May 9th. Zacks Investment Research cut Taser International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. JPMorgan Chase & Co. upgraded Taser International from a “neutral” rating to an “overweight” rating in a research report on Wednesday, June 1st. CL King upgraded Taser International from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, July 6th. Finally, Ladenburg Thalmann reiterated a “buy” rating and set a $31.00 target price (up previously from $28.00) on shares of Taser International in a research report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $28.63.
The firm has a market cap of $1.41 billion and a P/E ratio of 108.32. The stock has a 50-day moving average of $28.65 and a 200-day moving average of $22.54.
Taser International (NASDAQ:TASR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm earned $58.80 million during the quarter, compared to analysts’ expectations of $54.25 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 25.9% on a year-over-year basis. On average, equities analysts forecast 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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