TASER International, Inc. (NASDAQ:AAXN) shares were down 6.5% during trading on Friday . The company traded as low as $22.86 and last traded at $23.01. Approximately 4,110,119 shares were traded during trading, an increase of 592% from the average daily volume of 593,768 shares. The stock had previously closed at $24.62.

Several brokerages recently issued reports on AAXN. Zacks Investment Research upgraded shares of TASER International from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. TASER International presently has an average rating of “Hold” and an average price target of $27.50.

The company has a market capitalization of $1.22 billion, a P/E ratio of 71.91 and a beta of 0.98. The stock has a 50-day moving average of $23.02 and a 200 day moving average of $23.94.

TASER International (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The firm had revenue of $79.64 million for the quarter, compared to the consensus estimate of $74.46 million. During the same quarter in the previous year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. Equities research analysts predict that TASER International, Inc. will post $0.24 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of AAXN. PNC Financial Services Group Inc. purchased a new position in shares of TASER International in the 2nd quarter worth approximately $102,000. Parallel Advisors LLC grew its position in shares of TASER International by 13.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock worth $103,000 after buying an additional 500 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of TASER International in the 2nd quarter worth approximately $113,000. SG Americas Securities LLC purchased a new position in shares of TASER International in the 2nd quarter worth approximately $118,000. Finally, FNY Partners Fund LP grew its position in shares of TASER International by 25.0% in the 2nd quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock worth $125,000 after buying an additional 1,000 shares during the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

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TASER International Company Profile

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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