Taser International Inc. (NASDAQ:TASR) released its earnings results on Wednesday. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The company earned $71.90 million during the quarter, compared to analysts’ expectations of $59 million. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS.

Shares of Taser International (NASDAQ:TASR) opened at 26.82 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 107.28 and a beta of 0.32. The firm has a 50 day moving average price of $24.03 and a 200-day moving average price of $24.59. Taser International has a 12-month low of $13.56 and a 12-month high of $30.15.

Earnings History for Taser International (NASDAQ:TASR)

A number of research firms have recently commented on TASR. Ladenburg Thalmann restated a “neutral” rating on shares of Taser International in a research note on Friday. Craig Hallum raised their target price on Taser International from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research cut Taser International from a “hold” rating to a “sell” rating in a research note on Tuesday. Imperial Capital began coverage on Taser International in a research note on Friday, October 14th. They issued an “outperform” rating and a $27.00 target price for the company. Finally, Vetr upgraded Taser International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Taser International has an average rating of “Buy” and a consensus target price of $28.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan boosted its position in Taser International by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,670 shares of the company’s stock worth $334,000 after buying an additional 190 shares in the last quarter. Aperio Group LLC boosted its position in Taser International by 0.9% in the third quarter. Aperio Group LLC now owns 21,488 shares of the company’s stock worth $615,000 after buying an additional 193 shares in the last quarter. IFP Advisors Inc boosted its position 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 in the last quarter. HighPoint Advisor Group LLC boosted its position in Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock worth $306,000 after buying an additional 768 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Taser International by 0.9% in the third quarter. California State Teachers Retirement System now owns 110,496 shares of the company’s stock worth $3,161,000 after buying an additional 1,000 shares in the last quarter. 69.34% of the stock is currently 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).

5 Day Chart for NASDAQ:TASR

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