Taser International Inc. (TASR) Sees Strong Trading Volume
Taser International Inc. (NASDAQ:TASR) saw unusually-high trading volume on Monday . Approximately 958,511 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 1,171,773 shares.The stock last traded at $27.79 and had previously closed at $27.20.
TASR has been the topic of a number of recent research reports. Dougherty & Co restated a “buy” rating and issued a $21.00 target price on shares of Taser International in a research note on Tuesday, March 29th. 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 note on Wednesday, July 6th. Ladenburg Thalmann restated a “buy” rating and issued a $28.00 target price on shares of Taser International in a research note on Friday, July 1st. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a research note on Tuesday, July 12th. Finally, Vetr downgraded Taser International from a “strong-buy” rating to a “buy” rating and set a $22.01 target price on the stock. in a research note on Tuesday, May 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Taser International presently has an average rating of “Buy” and a consensus price target of $27.63.
The firm’s 50-day moving average is $24.37 and its 200-day moving average is $19.65. The stock has a market cap of $1.49 billion and a price-to-earnings ratio of 97.59.
Taser International (NASDAQ:TASR) last posted its earnings results on Wednesday, May 4th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. The firm had revenue of $55.50 million for the quarter, compared to analyst estimates of $51.82 million. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Analysts expect that Taser International Inc. will post $0.28 EPS for the current year.
Other hedge funds have recently 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 worth $8,614,000 after buying an additional 5,500 shares during the period. Rhumbline Advisers boosted its stake in Taser International by 7.6% in the fourth quarter. Rhumbline Advisers now owns 70,888 shares of the company’s stock worth $1,226,000 after buying an additional 5,005 shares during the period. Finally, California State Teachers Retirement System boosted its stake 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 worth $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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