Joshua Isner Sells 2,914 Shares of Taser International Inc. (TASR) Stock
Taser International Inc. (NASDAQ:TASR) EVP Joshua Isner sold 2,914 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $27.76, for a total value of $80,892.64. Following the completion of the sale, the executive vice president now owns 8,663 shares of the company’s stock, valued at $240,484.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Taser International Inc. (NASDAQ:TASR) opened at 27.31 on Tuesday. Taser International Inc. has a 52 week low of $13.56 and a 52 week high of $30.15. The stock’s 50 day moving average is $23.86 and its 200 day moving average is $25.15. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 94.17 and a beta of 0.32.
Taser International (NASDAQ:TASR) last announced 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 net margin of 6.63% and a return on equity of 10.96%. The company had revenue of $71.90 million for the quarter, compared to analysts’ expectations of $59 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. Taser International’s quarterly revenue was up 42.7% on a year-over-year basis. On average, equities analysts forecast that Taser International Inc. will post $0.32 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Cortina Asset Management LLC bought a new position in shares of Taser International during the second quarter valued at about $6,813,000. Private Trust Co. NA bought a new position in shares of Taser International during the second quarter valued at about $211,000. Kennedy Capital Management Inc. bought a new position in shares of Taser International during the first quarter valued at about $2,503,000. Capital Fund Management S.A. boosted 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 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 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 in the last quarter. Institutional investors own 71.45% of the company’s stock.
TASR has been the topic of several recent research reports. Zacks Investment Research cut shares of Taser International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Ladenburg Thalmann reaffirmed a “buy” rating and issued a $31.00 price target (up previously from $28.00) on shares of Taser International in a research report on Friday, August 5th. JPMorgan Chase & Co. set a $31.00 price target on shares of Taser International and gave the company a “buy” rating in a research report on Friday, August 5th. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of Taser International in a research report on Friday, October 7th. Finally, Vetr raised shares of Taser International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 12th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Taser International presently has an average rating of “Buy” and a consensus price target of $29.00.
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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