Taser International Inc. (TASR) Stock Rating Lowered by Ladenburg Thalmann
Taser International Inc. (NASDAQ:TASR) was downgraded by analysts at Ladenburg Thalmann from a “buy” rating to a “neutral” rating in a research report issued on Monday.
TASR has been the subject of several other reports. Zacks Investment Research lowered shares of Taser International from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. set a $31.00 price objective on shares of Taser International and gave the stock a “buy” rating in a report on Friday, August 5th. CL King upgraded shares of Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, July 6th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a report on Tuesday, July 12th. Finally, Dougherty & Co restated a “buy” rating and issued a $23.00 price objective on shares of Taser International in a report on Thursday, June 23rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $27.72.
Taser International (NASDAQ:TASR) opened at 28.61 on Monday. Taser International has a 52-week low of $13.56 and a 52-week high of $30.15. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 114.44 and a beta of 0.33. The company’s 50 day moving average is $27.65 and its 200-day moving average is $23.77.
Taser International (NASDAQ:TASR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. Taser International had a net margin of 6.22% and a return on equity of 9.25%. The company earned $58.80 million during the quarter, compared to analyst estimates of $54.25 million. During the same period in the prior year, the business posted $0.11 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. Equities analysts anticipate that Taser International will post $0.27 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in TASR. Private Trust Co. NA purchased a new stake in shares of Taser International during the second quarter valued at approximately $211,000. Capital Management Associates NY purchased a new stake in shares of Taser International during the second quarter valued at approximately $251,000. Laurel Wealth Advisors Inc. purchased a new stake in shares of Taser International during the second quarter valued at approximately $256,000. IFP Advisors Inc increased its stake in shares of Taser International by 18.1% in the first quarter. IFP Advisors Inc now owns 14,595 shares of the company’s stock valued at $286,000 after buying an additional 2,240 shares during the period. Finally, HighPoint Advisor Group LLC increased its stake in shares of Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock valued at $306,000 after buying an additional 768 shares during the period. 71.54% of the stock is currently owned by institutional investors.
About Taser International
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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