Shares of TASER International, Inc. (NASDAQ:TASR) have received a consensus rating of “Buy” from the nine research firms that are currently covering the firm. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $29.17.
Several research analysts recently issued reports on the company. Ladenburg Thalmann cut TASER International from a “buy” rating to a “neutral” rating in a research note on Monday, October 3rd. Zacks Investment Research raised TASER International from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, November 16th. Imperial Capital cut TASER International from an “outperform” rating to an “in-line” rating and set a $27.00 target price on the stock. in a research report on Friday, November 11th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of TASER International in a research report on Friday, November 11th. Finally, Craig Hallum increased their target price on TASER International from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 10th.
In other news, CFO Daniel Marc Behrendt sold 9,118 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $27.76, for a total transaction of $253,115.68. Following the sale, the chief financial officer now directly owns 60,024 shares in the company, valued at approximately $1,666,266.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joshua Isner sold 2,914 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $27.76, for a total value of $80,892.64. Following the sale, the executive vice president now owns 8,663 shares in the company, valued at $240,484.88. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Capital Management Associates NY acquired a new stake in TASER International during the second quarter worth approximately $251,000. Laurel Wealth Advisors Inc. purchased a new stake in TASER International during the second quarter valued at about $256,000. HighPoint Advisor Group LLC boosted its stake in TASER International by 1.9% in the third quarter. HighPoint Advisor Group LLC now owns 10,868 shares of the company’s stock valued at $304,000 after buying an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in TASER International by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,670 shares of the company’s stock valued at $334,000 after buying an additional 190 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in TASER International by 3.5% in the second quarter. IFP Advisors Inc now owns 15,113 shares of the company’s stock valued at $376,000 after buying an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.
TASER International (NASDAQ:TASR) opened at 25.10 on Thursday. The stock has a 50 day moving average price of $25.07 and a 200 day moving average price of $26.12. The stock has a market cap of $1.31 billion, a PE ratio of 86.55 and a beta of 0.42. TASER International has a 1-year low of $14.22 and a 1-year high of $30.15.
TASER International (NASDAQ:TASR) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. TASER International had a return on equity of 10.96% and a net margin of 6.63%. The company had revenue of $71.90 million for the quarter, compared to analysts’ expectations of $59 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. TASER International’s revenue was up 42.7% compared to the same quarter last year. On average, analysts predict that TASER International will post $0.32 EPS for the current fiscal year.
TASER International Company Profile
TASER International, Inc is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution).