Parallel Advisors LLC Acquires 500 Shares of TASER International, Inc. (AAXN)
Parallel Advisors LLC raised its position in shares of TASER International, Inc. (NASDAQ:AAXN) by 13.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,200 shares of the industrial products company’s stock after buying an additional 500 shares during the period. Parallel Advisors LLC’s holdings in TASER International were worth $103,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Artisan Partners Limited Partnership acquired a new position in shares of TASER International during the first quarter worth $31,718,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of TASER International during the first quarter worth $273,000. Wellington Shields Capital Management LLC acquired a new position in shares of TASER International during the second quarter worth $682,000. Capital Management Associates NY acquired a new position in shares of TASER International during the second quarter worth $287,000. Finally, Juncture Wealth Strategies LLC acquired a new position in shares of TASER International during the second quarter worth $730,000. 95.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TASER International, Inc. (NASDAQ AAXN) opened at 21.59 on Thursday. The firm has a market capitalization of $1.14 billion, a PE ratio of 67.47 and a beta of 0.96. TASER International, Inc. has a 12-month low of $21.18 and a 12-month high of $29.68. The company has a 50-day moving average of $24.05 and a 200 day moving average of $24.31.
TASER International (NASDAQ:AAXN) last released its earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $79.64 million during the quarter, compared to the consensus estimate of $74.46 million. TASER International had a return on equity of 10.47% and a net margin of 5.45%. The company’s revenue was up 35.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. On average, analysts predict that TASER International, Inc. will post $0.25 EPS for the current year.
AAXN has been the topic of a number of recent research reports. Craig Hallum boosted their target price on shares of TASER International from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of TASER International from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Finally, ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $27.33.
About TASER International
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
Receive News & Ratings for TASER International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TASER International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.