Taser International Inc. (TASR) Stock Rating Reaffirmed by Oppenheimer Holdings Inc.
Taser International Inc. (NASDAQ:TASR)‘s stock had its “market perform” rating reaffirmed by Oppenheimer Holdings Inc. in a research note issued to investors on Friday.
TASR has been the subject of a number of other research reports. Craig Hallum upped their price objective 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 price objective on Taser International and gave the company a “buy” rating in a report on Friday, August 5th. Ladenburg Thalmann reiterated a “buy” rating and issued a $31.00 price objective (up previously from $28.00) on shares of Taser International in a report on Friday, August 5th. Zacks Investment Research upgraded Taser International from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Finally, Imperial Capital downgraded Taser International from an “outperform” rating to an “in-line” rating and set a $27.00 price target for the company. in a report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.50.
Shares of Taser International (NASDAQ:TASR) opened at 27.51 on Friday. Taser International has a 12 month low of $13.56 and a 12 month high of $30.15. The firm’s 50-day moving average price is $23.99 and its 200-day moving average price is $24.81. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 94.86 and a beta of 0.32.
Taser International (NASDAQ:TASR) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 analyst estimates of $59 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities analysts anticipate that Taser International will post $0.28 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in TASR. Cortina Asset Management LLC acquired a new stake in Taser International during the second quarter worth about $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. purchased a new position in shares of Taser International during the first quarter worth $2,503,000. Capital Fund Management S.A. raised its position 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 worth $2,074,000 after buying an additional 27,451 shares during the period. 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 worth $306,000 after buying an additional 768 shares during the period. 68.58% of the stock is owned by 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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