Taser International Inc. (NASDAQ:TASR)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $26.35, but opened at $26.42. Taser International shares last traded at $27.01, with a volume of 489,317 shares traded.

TASR has been the topic of several recent analyst reports. Ladenburg Thalmann reiterated a “buy” rating and set a $28.00 target price on shares of Taser International in a research report on Friday, July 1st. Zacks Investment Research upgraded Taser International from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, June 30th. Dougherty & Co restated a “buy” rating and set a $23.00 price target on shares of Taser International in a research note on Thursday, June 23rd. CL King upgraded Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, July 6th. Finally, JPMorgan Chase & Co. set a $31.00 price target on Taser International and gave the stock a “buy” rating in a research note on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.63.

The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 110.28 and a beta of 0.39. The stock’s 50 day moving average price is $27.73 and its 200-day moving average price is $23.34.

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Taser International (NASDAQ:TASR) last issued its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $54.25 million. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. Equities research analysts expect that Taser International Inc. will post $0.27 EPS for the current year.

Several hedge funds have recently modified their holdings of TASR. IFP Advisors Inc boosted its stake in shares of 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 period. Ashford Capital Management Inc. boosted its stake in shares of Taser International by 2.7% in the second quarter. Ashford Capital Management Inc. now owns 283,173 shares of the company’s stock valued at $7,045,000 after buying an additional 7,374 shares during the period. Wellington Shields Capital Management LLC boosted its stake in shares of Taser International by 21.5% in the second quarter. Wellington Shields Capital Management LLC now owns 45,230 shares of the company’s stock valued at $1,125,000 after buying an additional 8,000 shares during the period. Capital Management Associates NY acquired a new stake in shares of Taser International during the second quarter valued at approximately $251,000. Finally, Columbia Wanger Asset Management LLC acquired a new stake in shares of Taser International during the second quarter valued at approximately $10,538,000. 71.54% of the stock is owned by institutional investors and hedge funds.

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).

5 Day Chart for NASDAQ:TASR

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