Taser International Inc. (TASR) Upgraded to “Strong-Buy” by Vetr Inc.
Vetr upgraded shares of Taser International Inc. (NASDAQ:TASR) from a buy rating to a strong-buy rating in a research report report published on Wednesday.
A number of other research firms have also recently commented on TASR. Ladenburg Thalmann reissued a buy rating and set a $31.00 price target (up from $28.00) on shares of Taser International in a report on Friday, August 5th. JPMorgan Chase & Co. set a $31.00 price target on Taser International and gave the company a buy rating in a report on Friday, August 5th. Zacks Investment Research raised Taser International from a sell rating to a hold rating in a report on Thursday, August 4th. Oppenheimer Holdings Inc. reissued a market perform rating on shares of Taser International in a report on Tuesday, July 12th. Finally, CL King raised Taser International from a neutral rating to a buy rating and set a $32.00 price target on the stock in a report on Wednesday, July 6th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $27.72.
Shares of Taser International (NASDAQ:TASR) traded down 2.0133% during midday trading on Wednesday, reaching $22.0372. The company had a trading volume of 524,232 shares. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 88.1488 and a beta of 0.33. The stock has a 50-day moving average of $26.24 and a 200 day moving average of $24.02. Taser International has a 52 week low of $13.56 and a 52 week high of $30.15.
Taser International (NASDAQ:TASR) last released its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $54.25 million. Taser International had a return on equity of 9.25% and a net margin of 6.22%. Taser International’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. On average, analysts anticipate that Taser International will post $0.27 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in TASR. Laurel Wealth Advisors Inc. acquired a new position in shares of Taser International during the second quarter valued at about $256,000. Teachers Advisors Inc. raised its position in shares of Taser International by 4.8% in the second quarter. Teachers Advisors Inc. now owns 83,442 shares of the company’s stock valued at $2,076,000 after buying an additional 3,786 shares during the period. United Services Automobile Association raised its position in shares of Taser International by 11.8% in the second quarter. United Services Automobile Association now owns 32,663 shares of the company’s stock valued at $813,000 after buying an additional 3,448 shares during the period. Cortina Asset Management LLC acquired a new position in shares of Taser International during the second quarter valued at about $6,813,000. Finally, HighPoint Advisor Group LLC raised its position 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. 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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