Brokerages Set Taser International Inc. (NASDAQ:TASR) Price Target at $27.00
Taser International Inc. (NASDAQ:TASR) has been given an average recommendation of “Buy” by the nine analysts that are currently covering the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.00.
A number of equities analysts recently commented on the company. Ladenburg Thalmann downgraded Taser International from a “buy” rating to a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. set a $31.00 target price on Taser International and gave the company a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded Taser International from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a research report on Tuesday, July 12th. Finally, 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.
Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of Taser International by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 2,270,332 shares of the company’s stock worth $56,485,000 after buying an additional 205,121 shares during the last quarter. Columbia Wanger Asset Management LLC purchased a new stake in shares of Taser International during the second quarter worth $10,538,000. Ameriprise Financial Inc. boosted its stake in shares of Taser International by 24.1% in the second quarter. Ameriprise Financial Inc. now owns 312,964 shares of the company’s stock worth $7,787,000 after buying an additional 60,845 shares during the last quarter. Ashford Capital Management Inc. boosted its position in Taser International by 2.7% in the second quarter. Ashford Capital Management Inc. now owns 283,173 shares of the company’s stock valued at $7,045,000 after buying an additional 7,374 shares during the last quarter. Finally, Cortina Asset Management LLC bought a new position in Taser International during the second quarter valued at approximately $6,813,000. 71.54% of the stock is owned by institutional investors and hedge funds.
Shares of Taser International (NASDAQ:TASR) opened at 23.30 on Tuesday. Taser International has a 52 week low of $13.56 and a 52 week high of $30.15. The stock has a market capitalization of $1.22 billion, a PE ratio of 93.20 and a beta of 0.33. The company’s 50 day moving average price is $27.00 and its 200-day moving average price is $23.91.
Taser International (NASDAQ:TASR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The firm had revenue of $58.80 million for the quarter, compared to the consensus estimate of $54.25 million. During the same quarter last year, the business posted $0.11 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. Equities research analysts predict that Taser International will post $0.27 EPS for the current year.
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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