Taser International Inc. (TASR) Stock Rating Lowered by Ladenburg Thalmann
Taser International Inc. (NASDAQ:TASR) was downgraded by research analysts at Ladenburg Thalmann from a “buy” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.
Several other research firms also recently weighed in on TASR. Zacks Investment Research upgraded Taser International from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. set a $31.00 price objective on Taser International and gave the company a “buy” rating in a report on Friday, August 5th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a report on Tuesday, July 12th. CL King upgraded shares of Taser International from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, July 6th. Finally, Dougherty & Co reiterated a “buy” rating and issued a $23.00 target price on shares of Taser International in a report on Thursday, June 23rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Taser International presently has a consensus rating of “Buy” and a consensus target price of $27.72.
Shares of Taser International (NASDAQ:TASR) opened at 28.61 on Monday. The stock has a market cap of $1.49 billion, a P/E ratio of 114.44 and a beta of 0.33. Taser International has a one year low of $13.56 and a one year high of $30.15. The stock’s 50 day moving average is $27.65 and its 200-day moving average is $23.77.
Taser International (NASDAQ:TASR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm earned $58.80 million during the quarter, compared to the consensus estimate of $54.25 million. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. On average, equities analysts forecast that Taser International will post $0.27 EPS for the current year.
Several large investors have recently modified their holdings of TASR. Aperio Group LLC acquired a new stake in shares of Taser International during the first quarter worth $433,000. Cortina Asset Management LLC acquired a new stake in shares of Taser International during the second quarter worth $6,813,000. Private Trust Co. NA acquired a new stake in shares of Taser International during the second quarter worth $211,000. Kennedy Capital Management Inc. acquired a new stake in shares of Taser International during the first quarter worth $2,503,000. Finally, HighPoint Advisor Group LLC raised its stake in shares of Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock worth $306,000 after buying an additional 768 shares during the last quarter. Institutional investors and hedge funds own 71.54% of the company’s stock.
About Taser International
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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