Granite Point Capital Management L.P. Lowers Stake in TASER International, Inc. (AAXN)
Granite Point Capital Management L.P. cut its stake in shares of TASER International, Inc. (NASDAQ:AAXN) by 14.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,200 shares of the industrial products company’s stock after selling 8,800 shares during the period. Granite Point Capital Management L.P. owned 0.10% of TASER International worth $1,161,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC acquired a new position in shares of TASER International during the 2nd quarter valued at $150,000. Louisiana State Employees Retirement System acquired a new position in shares of TASER International during the 2nd quarter valued at $541,000. Aperio Group LLC acquired a new position in shares of TASER International during the 2nd quarter valued at $364,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of TASER International by 4.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 500 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in shares of TASER International during the 2nd quarter valued at $1,908,000. 95.76% of the stock is owned by institutional investors.
TASER International, Inc. (AAXN) opened at $24.09 on Wednesday. TASER International, Inc. has a 1-year low of $20.57 and a 1-year high of $28.44. The company has a market cap of $1,295.31, a price-to-earnings ratio of 102.00, a price-to-earnings-growth ratio of 5.76 and a beta of 1.19.
TASER International (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). TASER International had a return on equity of 7.91% and a net margin of 4.32%. The firm had revenue of $90.26 million during the quarter, compared to analyst estimates of $82.89 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. research analysts expect that TASER International, Inc. will post 0.17 earnings per share for the current year.
Several research firms recently weighed in on AAXN. BidaskClub lowered shares of TASER International from a “buy” rating to a “hold” rating in a report on Tuesday. Oppenheimer restated a “hold” rating on shares of TASER International in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of TASER International from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Dougherty & Co reduced their target price on shares of TASER International from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.50.
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TASER International Profile
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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