Taser International Inc. (TASR) President Luke Larson Sells 8,367 Shares of Stock
Taser International Inc. (NASDAQ:TASR) President Luke Larson sold 8,367 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $27.68, for a total transaction of $231,598.56. Following the transaction, the president now directly owns 46,584 shares of the company’s stock, valued at approximately $1,289,445.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Taser International Inc. (NASDAQ:TASR) traded down 1.58% during trading on Monday, reaching $27.35. 334,276 shares of the company were exchanged. Taser International Inc. has a 12 month low of $13.56 and a 12 month high of $30.15. The stock has a 50 day moving average price of $23.79 and a 200 day moving average price of $24.96. The firm has a market capitalization of $1.43 billion, a PE ratio of 94.31 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 (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $71.90 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. On average, analysts expect that Taser International Inc. will post $0.32 EPS for the current fiscal year.
TASR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Taser International from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Ladenburg Thalmann reaffirmed 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. JPMorgan Chase & Co. set a $31.00 price objective on shares of Taser International and gave the company a “buy” rating in a report on Friday, August 5th. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of Taser International in a report on Friday, October 7th. Finally, Vetr raised shares of Taser International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 12th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Taser International has a consensus rating of “Buy” and an average target price of $29.00.
Institutional investors have recently bought and sold shares of the stock. Cortina Asset Management LLC purchased a new position in Taser International during the second quarter valued at about $6,813,000. Private Trust Co. NA purchased a new position in Taser International during the second quarter valued at about $211,000. Kennedy Capital Management Inc. purchased a new position in Taser International during the first quarter valued at about $2,503,000. Capital Fund Management S.A. boosted its position in 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 in the last quarter. Finally, 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 valued at $306,000 after buying an additional 768 shares in the last quarter. Institutional investors and hedge funds own 71.45% 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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