TASER International, Inc. (NASDAQ:AAXN) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other equities research analysts have also recently issued reports on the company. Craig Hallum boosted their price target on TASER International from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Zacks Investment Research cut TASER International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.33.

Shares of TASER International (NASDAQ:AAXN) traded up 0.09% during mid-day trading on Friday, hitting $21.73. The company’s stock had a trading volume of 358,161 shares. The company has a 50-day moving average of $23.56 and a 200 day moving average of $24.12. TASER International has a 1-year low of $21.18 and a 1-year high of $29.68. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 67.91 and a beta of 0.96.

TASER International (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $79.64 million during the quarter, compared to analysts’ expectations of $74.46 million. TASER International had a return on equity of 10.47% and a net margin of 5.45%. The firm’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. On average, analysts expect that TASER International will post $0.25 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership acquired a new stake in TASER International during the first quarter valued at $31,718,000. Municipal Employees Retirement System of Michigan acquired a new stake in TASER International during the first quarter valued at $273,000. Wellington Shields Capital Management LLC acquired a new stake in TASER International during the second quarter valued at $682,000. Capital Management Associates NY acquired a new stake in TASER International during the second quarter valued at $287,000. Finally, Brighton Jones LLC acquired a new stake in TASER International during the second quarter valued at $303,000. Hedge funds and other institutional investors own 95.69% of the company’s stock.

About TASER International

Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.

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