Taser International Inc. (TASR) Rating Reiterated by Ladenburg Thalmann
Taser International Inc. (NASDAQ:TASR)‘s stock had its “neutral” rating reaffirmed by Ladenburg Thalmann in a research report issued on Friday.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Taser International from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Craig Hallum upped their target price on Taser International from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, November 10th. JPMorgan Chase & Co. set a $31.00 target price on Taser International and gave the company a “buy” rating in a report on Friday, August 5th. Imperial Capital initiated coverage on Taser International in a research note on Friday, October 14th. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, Oppenheimer Holdings Inc. reissued a “” rating on shares of Taser International in a research note on Friday, October 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $28.50.
Taser International (NASDAQ:TASR) opened at 27.51 on Friday. Taser International has a 1-year low of $13.56 and a 1-year high of $30.15. The company has a market capitalization of $1.44 billion, a PE ratio of 94.86 and a beta of 0.32. The company has a 50 day moving average of $23.99 and a 200 day moving average of $24.81.
Taser International (NASDAQ:TASR) last announced its earnings results on Wednesday, November 9th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Taser International had a return on equity of 10.96% and a net margin of 6.63%. The business had revenue of $71.90 million for the quarter, compared to analysts’ expectations of $59 million. During the same period in the prior year, the business posted $0.03 earnings per share. The firm’s revenue was up 42.7% on a year-over-year basis. On average, analysts predict that Taser International will post $0.28 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of TASR. Cortina Asset Management LLC purchased a new position in shares of Taser International during the second quarter worth $6,813,000. Private Trust Co. NA purchased a new position in shares of Taser International during the second quarter worth $211,000. Kennedy Capital Management Inc. bought a new stake in shares of Taser International during the first quarter valued at about $2,503,000. Capital Fund Management S.A. increased its stake in shares of Taser International by 49.1% in the second quarter. Capital Fund Management S.A. now owns 83,377 shares of the company’s stock valued at $2,074,000 after buying an additional 27,451 shares during the period. Finally, HighPoint Advisor Group LLC increased its stake 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. 68.58% of the stock is currently owned by institutional investors.
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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