Zacks Investment Research upgraded shares of TASER International, Inc. (NASDAQ:AAXN) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. Zacks Investment Research currently has $26.00 target price on the industrial products company’s stock.
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. “
Separately, ValuEngine upgraded shares of TASER International from a sell rating to a hold rating in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $27.00.
TASER International (NASDAQ:AAXN) traded down 0.04% during midday trading on Tuesday, hitting $22.96. 182,291 shares of the stock traded hands. The stock has a 50-day moving average of $23.16 and a 200 day moving average of $23.95. TASER International has a 52-week low of $21.18 and a 52-week high of $28.49. The firm has a market cap of $1.21 billion, a PE ratio of 71.75 and a beta of 0.98.
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, hitting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $79.64 million for the quarter, compared to analysts’ expectations of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Equities analysts forecast that TASER International will post $0.24 EPS for the current year.
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Institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC purchased a new position in TASER International in the second quarter valued at approximately $369,000. Teachers Retirement System of The State of Kentucky purchased a new position in TASER International in the second quarter valued at approximately $425,000. BlackRock Inc. purchased a new position in TASER International in the second quarter valued at approximately $189,870,000. JPMorgan Chase & Co. purchased a new position in TASER International in the second quarter valued at approximately $4,363,000. Finally, State of Tennessee Treasury Department purchased a new position in TASER International in the second quarter valued at approximately $1,229,000. Institutional investors own 96.29% 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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