Taser International Inc. (TASR) Stock Rating Reaffirmed by Oppenheimer Holdings Inc.
Taser International Inc. (NASDAQ:TASR)‘s stock had its “” rating reiterated by research analysts at Oppenheimer Holdings Inc. in a research report issued on Friday.
TASR has been the topic of several other reports. Ladenburg Thalmann restated a “buy” rating and set a $28.00 price target on shares of Taser International in a research note on Friday, July 1st. Zacks Investment Research upgraded Taser International from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, June 30th. Dougherty & Co restated a “buy” rating and set a $23.00 price target on shares of Taser International in a research note on Thursday, June 23rd. CL King upgraded Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, July 6th. Finally, JPMorgan Chase & Co. set a $31.00 price objective on Taser International and gave the company a “buy” rating in a research note on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $27.72.
Taser International (NASDAQ:TASR) traded down 3.73% during mid-day trading on Friday, reaching $22.43. The company had a trading volume of 1,332,856 shares. The company’s 50 day moving average is $26.80 and its 200 day moving average is $23.93. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 89.72 and a beta of 0.33. Taser International has a 52-week low of $13.56 and a 52-week high of $30.15.
Taser International (NASDAQ:TASR) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The firm had revenue of $58.80 million for the quarter, compared to analyst estimates of $54.25 million. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities analysts predict that Taser International will post $0.27 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Taser International by 3.5% in the second quarter. IFP Advisors Inc now owns 15,113 shares of the company’s stock worth $376,000 after buying an additional 518 shares during the period. Ashford Capital Management Inc. raised its stake in Taser International by 2.7% in the second quarter. Ashford Capital Management Inc. now owns 283,173 shares of the company’s stock worth $7,045,000 after buying an additional 7,374 shares during the period. Wellington Shields Capital Management LLC raised its stake in Taser International by 21.5% in the second quarter. Wellington Shields Capital Management LLC now owns 45,230 shares of the company’s stock worth $1,125,000 after buying an additional 8,000 shares during the period. Capital Management Associates NY acquired a new stake in Taser International during the second quarter worth approximately $251,000. Finally, Columbia Wanger Asset Management LLC acquired a new stake in Taser International during the second quarter worth approximately $10,538,000. Institutional investors and hedge funds own 71.54% of the company’s stock.
Taser International Company Profile
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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