Brokerages Set TASER International, Inc. (TASR) Target Price at $29.20
Shares of TASER International, Inc. (NASDAQ:TASR) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the firm. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.20.
TASR has been the topic of a number of recent research reports. Zacks Investment Research cut shares of TASER International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 14th. Imperial Capital set a $27.00 price target on shares of TASER International and gave the company a “hold” rating in a research report on Wednesday, December 14th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of TASER International in a research report on Wednesday, February 22nd. Finally, Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of TASER International in a research report on Thursday, March 2nd.
TASER International (NASDAQ:TASR) opened at 22.94 on Thursday. The company has a 50 day moving average of $24.95 and a 200-day moving average of $25.14. TASER International has a 52-week low of $17.18 and a 52-week high of $30.15. The stock has a market capitalization of $1.20 billion, a P/E ratio of 71.69 and a beta of 0.50.
In other TASER International news, CFO Daniel Marc Behrendt sold 10,000 shares of TASER International stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $22.57, for a total transaction of $225,700.00. Following the transaction, the chief financial officer now directly owns 66,174 shares of the company’s stock, valued at $1,493,547.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joshua Isner sold 1,423 shares of TASER International stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $22.66, for a total transaction of $32,245.18. Following the transaction, the executive vice president now directly owns 42,657 shares in the company, valued at $966,607.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,835 shares of company stock worth $1,063,222. 3.70% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in TASER International by 3.5% in the second quarter. IFP Advisors Inc now owns 15,113 shares of the company’s stock worth $376,000 after buying an additional 518 shares during the last quarter. Scott & Selber Inc. purchased a new position in TASER International during the third quarter worth approximately $1,858,000. Wellington Shields Capital Management LLC boosted its position in TASER International by 2.9% in the third quarter. Wellington Shields Capital Management LLC now owns 46,530 shares of the company’s stock worth $1,331,000 after buying an additional 1,300 shares during the last quarter. Capital Management Associates NY boosted its position in TASER International by 15.8% in the third quarter. Capital Management Associates NY now owns 11,700 shares of the company’s stock worth $335,000 after buying an additional 1,600 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new position in TASER International during the third quarter worth approximately $1,367,000. 76.34% of the stock is currently owned by institutional investors and hedge funds.
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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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