PNC Financial Services Group Inc. purchased a new position in shares of TASER International, Inc. (NASDAQ:AAXN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,043 shares of the industrial products company’s stock, valued at approximately $102,000.
Several other hedge funds have also modified their holdings of AAXN. Municipal Employees Retirement System of Michigan acquired a new position in shares of TASER International during the first quarter worth $273,000. Geode Capital Management LLC acquired a new position in shares of TASER International during the first quarter worth $9,803,000. New York State Teachers Retirement System acquired a new position in shares of TASER International during the first quarter worth $1,289,000. Capstone Asset Management Co. acquired a new position in shares of TASER International during the second quarter worth $434,000. Finally, Creative Planning acquired a new position in shares of TASER International during the second quarter worth $323,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on AAXN. Zacks Investment Research raised TASER International from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TASER International has a consensus rating of “Hold” and a consensus target price of $27.00.
TASER International, Inc. (NASDAQ:AAXN) opened at 22.97 on Wednesday. The stock’s 50 day moving average price is $23.16 and its 200-day moving average price is $23.95. TASER International, Inc. has a 12 month low of $21.18 and a 12 month high of $28.49. The firm has a market capitalization of $1.21 billion, a P/E ratio of 71.78 and a beta of 0.98.
TASER International (NASDAQ:AAXN) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The business had revenue of $79.64 million for the quarter, compared to analyst estimates of $74.46 million. During the same period last year, the business earned $0.07 EPS. The company’s revenue was up 35.5% on a year-over-year basis. Equities analysts forecast that TASER International, Inc. will post $0.24 earnings per share for the current year.
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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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