86,451 Shares in TASER International, Inc. (AAXN) Purchased by Connors Investor Services Inc.
Connors Investor Services Inc. purchased a new position in shares of TASER International, Inc. (NASDAQ:AAXN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 86,451 shares of the industrial products company’s stock, valued at approximately $2,173,000. Connors Investor Services Inc. owned 0.16% of TASER International at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. FMR LLC bought a new stake in shares of TASER International during the 2nd quarter worth approximately $198,826,000. BlackRock Inc. bought a new stake in shares of TASER International during the 2nd quarter worth approximately $189,870,000. Vanguard Group Inc. bought a new stake in shares of TASER International during the 2nd quarter worth approximately $92,258,000. Villere ST Denis J & Co. LLC bought a new stake in shares of TASER International during the 2nd quarter worth approximately $87,861,000. Finally, Artisan Partners Limited Partnership bought a new stake in shares of TASER International during the 1st quarter worth approximately $31,718,000. 95.72% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the stock. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of TASER International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.33.
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Shares of TASER International, Inc. (NASDAQ AAXN) traded up 1.32% during trading on Friday, reaching $23.10. 89,340 shares of the company traded hands. TASER International, Inc. has a 12-month low of $21.18 and a 12-month high of $29.00. The stock has a market capitalization of $1.22 billion, a PE ratio of 72.19 and a beta of 1.00. The firm’s 50-day moving average is $23.02 and its 200-day moving average is $23.93.
TASER International (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The business had revenue of $79.64 million during the quarter, compared to analysts’ expectations of $74.46 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business’s quarterly revenue was up 35.5% compared to the same quarter last year. On average, equities analysts predict that TASER International, Inc. will post $0.25 earnings per share for the current fiscal year.
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.
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