Oppenheimer Holdings Inc. Reiterates “” Rating for Taser International Inc. (TASR)
Taser International Inc. (NASDAQ:TASR)‘s stock had its “” rating restated by Oppenheimer Holdings Inc. in a note issued to investors on Friday.
Several other brokerages have also commented on TASR. Ladenburg Thalmann restated a “buy” rating and set a $31.00 target price (up from $28.00) on shares of Taser International in a research report on Friday, August 5th. JPMorgan Chase & Co. set a $31.00 target price on shares of Taser International and gave the stock a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Taser International from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. CL King upgraded shares of Taser International from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, July 6th. Finally, Dougherty & Co restated a “buy” rating and set a $23.00 target price on shares of Taser International in a research report on Thursday, June 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $27.72.
Taser International (NASDAQ:TASR) traded down 3.73% during midday trading on Friday, reaching $22.43. 1,332,856 shares of the company traded hands. Taser International has a 12 month low of $13.56 and a 12 month high of $30.15. The firm has a market capitalization of $1.17 billion, a PE ratio of 89.72 and a beta of 0.33. The company’s 50-day moving average price is $26.80 and its 200 day moving average price is $23.93.
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Taser International (NASDAQ:TASR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $54.25 million. Taser International had a net margin of 6.22% and a return on equity of 9.25%. Taser International’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. On average, equities analysts anticipate that Taser International will post $0.27 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in Taser International during the second quarter valued at approximately $211,000. Capital Management Associates NY purchased a new position in Taser International during the second quarter worth about $251,000. Laurel Wealth Advisors Inc. purchased a new position in Taser International during the second quarter worth about $256,000. HighPoint Advisor Group LLC raised its position in Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock worth $306,000 after buying an additional 768 shares during the period. Finally, IFP Advisors Inc raised its position in Taser International by 3.5% in the second quarter. IFP Advisors Inc now owns 15,113 shares of the company’s stock worth $376,000 after buying an additional 518 shares during the period. Institutional investors and hedge funds own 71.54% of the company’s stock.
About Taser International
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).
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