Zacks Investment Research upgraded shares of TASER International, Inc. (NASDAQ:AAXN) from a sell rating to a hold rating in a report published on Friday, May 12th.
According to Zacks, “Axon Enterprise, Inc. engages in the development, manufacture and sale of conducted electrical weapons for the law enforcement, federal, military, corrections, private security and personal defense markets. Its operating segment consists of TASER Weapons and Axon segments. TASER Weapons segment involves in the sale of conducted electrical weapons, accessories and other products and services. Axon segment focuses on devices, wearables, applications, cloud and mobile products. Axon Enterprise Inc., formerly known as TASER International Inc., is headquartered in Scottsdale, AZ. “
A number of other brokerages have also commented on AAXN. Oppenheimer Holdings, Inc. reissued a market perform rating on shares of TASER International in a report on Wednesday, February 22nd. Craig Hallum upped their target price on TASER International from $29.00 to $30.00 and gave the company a buy rating in a report on Wednesday, May 10th. Ladenburg Thalmann Financial Services reaffirmed a neutral rating on shares of TASER International in a report on Thursday, March 2nd. Finally, Imperial Capital reiterated an in-line rating and issued a $25.00 price objective (down previously from $27.00) on shares of TASER International in a research note on Friday, March 3rd. Five investment analysts have rated the stock with a hold rating, four 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 a consensus target price of $28.43.
TASER International (NASDAQ AAXN) traded up 2.42% during trading on Friday, reaching $25.36. The company’s stock had a trading volume of 1,351,558 shares. The firm has a market cap of $1.34 billion, a P/E ratio of 72.25 and a beta of 0.92. TASER International has a 52 week low of $21.18 and a 52 week high of $30.15. The stock’s 50 day moving average is $24.81 and its 200-day moving average is $24.55.
TASER International (NASDAQ:AAXN) last issued its earnings results on Tuesday, May 9th. The industrial products company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. TASER International had a return on equity of 11.93% and a net margin of 6.31%. The business had revenue of $79.20 million during the quarter, compared to analyst estimates of $69.69 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue was up 42.7% compared to the same quarter last year. On average, equities research analysts forecast that TASER International will post $0.26 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the company. Sapphire Star Partners LP bought a new stake in shares of TASER International during the first quarter valued at approximately $201,000. Navellier & Associates Inc bought a new stake in shares of TASER International during the first quarter valued at approximately $201,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of TASER International during the first quarter valued at approximately $273,000. Airain ltd bought a new stake in shares of TASER International during the first quarter valued at approximately $386,000. Finally, Congress Asset Management Co. MA bought a new stake in shares of TASER International during the first quarter valued at approximately $624,000. Institutional investors and hedge funds own 79.01% of the company’s stock.
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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