Taser International Inc. (TASR) Shares Up 2.7%
Taser International Inc. (NASDAQ:TASR)’s share price shot up 2.7% on Thursday . The stock traded as high as $25.79 and last traded at $25.73, with a volume of 401,562 shares traded. The stock had previously closed at $25.05.
Several brokerages recently weighed in on TASR. Ladenburg Thalmann reiterated a “buy” rating and issued a $24.00 price target on shares of Taser International in a report on Friday, May 6th. Zacks Investment Research downgraded shares of Taser International from a “buy” rating to a “hold” rating in a report on Saturday, July 2nd. Vetr downgraded shares of Taser International from a “strong-buy” rating to a “buy” rating and set a $22.01 price target on the stock. in a report on Wednesday, May 11th. Dougherty & Co reiterated a “buy” rating and issued a $23.00 price target on shares of Taser International in a report on Thursday, June 23rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $26.00 price target (up previously from $25.00) on shares of Taser International in a report on Tuesday, May 17th. 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 a consensus rating of “Buy” and a consensus target price of $27.63.
The stock’s 50-day moving average price is $23.27 and its 200 day moving average price is $19.14. The firm has a market cap of $1.44 billion and a PE ratio of 94.14.
Taser International (NASDAQ:TASR) last posted its earnings results on Wednesday, May 4th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $55.50 million for the quarter, compared to analysts’ expectations of $51.82 million. During the same quarter in the previous year, the firm earned $0.13 EPS. Taser International’s revenue for the quarter was up 23.9% compared to the same quarter last year. Equities research analysts expect that Taser International Inc. will post $0.28 earnings per share for the current fiscal year.
Other large investors have bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in Taser International by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 498,217 shares of the company’s stock valued at $8,614,000 after buying an additional 5,500 shares during the last quarter. Rhumbline Advisers raised its position in Taser International by 7.6% in the fourth quarter. Rhumbline Advisers now owns 70,888 shares of the company’s stock valued at $1,226,000 after buying an additional 5,005 shares during the period. Finally, California State Teachers Retirement System raised its position in Taser International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 99,070 shares of the company’s stock valued at $1,713,000 after buying an additional 1,551 shares during the period.
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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