TASER International Target of Unusually Large Options Trading (TASR)
Shares of TASER International (NASDAQ:TASR) were the recipient of some unusual options trading on Thursday. Stock traders bought 2,511 put options on the stock, AmericanBankingNews.com reports. This represents an increase of approximately 592% compared to the average volume of 363 put options.
A number of research firms have recently commented on TASR. Analysts at Dougherty & Co upgraded shares of TASER International from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of TASER International from $18.50 to $17.00 in a research note on Friday, August 1st. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet downgraded shares of TASER International to a “hold” rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.00.
Shares of TASER International (NASDAQ:TASR) traded up 2.78% on Thursday, hitting $15.89. 3,002,663 shares of the company’s stock traded hands. TASER International has a 52 week low of $10.46 and a 52 week high of $20.83. The stock has a 50-day moving average of $12.18 and a 200-day moving average of $15.18. The company has a market cap of $834.7 million and a price-to-earnings ratio of 46.99.
TASER International (NASDAQ:TASR) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.50 million. During the same quarter last year, the company posted $0.08 earnings per share. TASER International’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that TASER International will post $0.33 EPS for the current fiscal year.
TASER International, Inc (NASDAQ:TASR) is engaged in development, manufacture and sale of electronic control devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets.