Taser International Inc. (TASR) Now Covered by Imperial Capital
Analysts at Imperial Capital started coverage on shares of Taser International Inc. (NASDAQ:TASR) in a report issued on Friday. The firm set an “outperform” rating and a $27.00 price target on the stock. Imperial Capital’s target price would indicate a potential upside of 17.80% from the company’s current price.
TASR has been the subject of several other reports. Vetr upgraded Taser International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 12th. Oppenheimer Holdings Inc. reiterated a “” rating on shares of Taser International in a report on Friday, October 7th. Ladenburg Thalmann downgraded Taser International from a “buy” rating to a “neutral” rating in a report on Monday, October 3rd. Zacks Investment Research downgraded Taser International from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. set a $31.00 price objective on shares of Taser International and gave the company a “buy” rating in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $27.63.
Shares of Taser International (NASDAQ:TASR) opened at 22.92 on Friday. The stock has a 50 day moving average price of $25.73 and a 200 day moving average price of $24.12. Taser International has a 52 week low of $13.56 and a 52 week high of $30.15. The firm has a market capitalization of $1.20 billion, a PE ratio of 91.68 and a beta of 0.33.
Taser International (NASDAQ:TASR) last issued its quarterly 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 earned $58.80 million during 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 revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. Equities analysts forecast that Taser International will post $0.27 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Columbia Wanger Asset Management LLC acquired a new stake in shares of Taser International during the second quarter worth $10,538,000. Cortina Asset Management LLC acquired a new stake in shares of Taser International during the second quarter worth $6,813,000. Primecap Management Co. CA acquired a new stake in shares of Taser International during the second quarter worth $5,656,000. Bank of New York Mellon Corp boosted its stake in shares of Taser International by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 2,270,332 shares of the company’s stock worth $56,485,000 after buying an additional 205,121 shares during the period. Finally, Kennedy Capital Management Inc. acquired a new stake in shares of Taser International during the first quarter worth $2,503,000. 71.52% of the stock is owned by hedge funds and other 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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