Taser International Inc. (TASR) PT Raised to $35.00 at Craig Hallum
Taser International Inc. (NASDAQ:TASR) had its price target raised by stock analysts at Craig Hallum from $33.00 to $35.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price target indicates a potential upside of 28.77% from the stock’s previous close.
Several other analysts also recently commented on the company. Zacks Investment Research downgraded Taser International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th. Imperial Capital began coverage on Taser International in a research note on Friday, October 14th. They set an “outperform” rating and a $27.00 price objective on the stock. Vetr raised Taser International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 12th. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of Taser International in a research note on Friday, October 7th. Finally, Ladenburg Thalmann downgraded Taser International from a “buy” rating to a “neutral” rating in a research note on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $28.50.
Shares of Taser International (NASDAQ:TASR) opened at 27.18 on Thursday. The firm has a 50 day moving average price of $24.00 and a 200-day moving average price of $24.65. Taser International has a 12 month low of $13.56 and a 12 month high of $30.15. The firm has a market cap of $1.42 billion, a PE ratio of 93.72 and a beta of 0.32.
Taser International (NASDAQ:TASR) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $71.90 million for the quarter, compared to the consensus estimate of $59 million. Taser International had a return on equity of 10.96% and a net margin of 6.63%. The firm’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. On average, analysts predict that Taser International will post $0.28 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position 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 valued at $56,485,000 after buying an additional 205,121 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Taser International by 1.4% in the third quarter. New York State Common Retirement Fund now owns 508,965 shares of the company’s stock valued at $14,561,000 after buying an additional 7,184 shares during the last quarter. Columbia Wanger Asset Management LLC bought a new position in shares of Taser International during the second quarter valued at $10,538,000. Ameriprise Financial Inc. boosted its position in shares of Taser International by 9.4% in the third quarter. Ameriprise Financial Inc. now owns 342,389 shares of the company’s stock valued at $9,795,000 after buying an additional 29,425 shares during the last quarter. Finally, Ashford Capital Management Inc. boosted its position in shares of Taser International by 2.7% in the second quarter. Ashford Capital Management Inc. now owns 283,173 shares of the company’s stock valued at $7,045,000 after buying an additional 7,374 shares during the last quarter. Institutional investors own 69.34% of the company’s stock.
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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