Taser International Inc. (TASR) Downgraded to “Sell” at Zacks Investment Research
Taser International Inc. (NASDAQ:TASR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Taser International, Inc. develops, assembles and markets less-lethal, conducted energy weapons primarily for use in the law enforcement and corrections market. Its advanced Taser weapon offers improved performance over other less-lethal force options used by law enforcement agencies. It can temporarily incapacitate virtually any individual regardless of pain tolerance, drug use, or body size – factors that cause other less-lethal options to have decreased effectiveness. The advanced Taser also has a comparable or lower injury rate than other less-lethal weapons. “
A number of other equities analysts also recently issued reports on the company. Dougherty & Co reiterated a “buy” rating and set a $21.00 price target on shares of Taser International in a research note on Tuesday, March 29th. 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. Ladenburg Thalmann reiterated a “buy” rating and set a $28.00 price target on shares of Taser International in a research note on Friday, July 1st. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Taser International in a research note on Tuesday, July 12th. Finally, Vetr downgraded Taser International from a “strong-buy” rating to a “buy” rating and set a $22.01 price target for the company. in a research note on Tuesday, May 17th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $27.72.
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Taser International (NASDAQ:TASR) traded down 3.73% during mid-day trading on Tuesday, reaching $22.43. The company’s stock had a trading volume of 1,332,856 shares. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 89.72 and a beta of 0.33. Taser International has a 52-week low of $13.56 and a 52-week high of $30.15. The firm has a 50 day moving average price of $26.80 and a 200 day moving average price of $23.93.
Taser International (NASDAQ:TASR) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business earned $58.80 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.11 EPS. Equities research analysts anticipate that Taser International will post $0.27 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of TASR. Private Trust Co. NA purchased a new position 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 valued at approximately $251,000. Laurel Wealth Advisors Inc. purchased a new position in Taser International during the second quarter valued at approximately $256,000. IFP Advisors Inc increased its position in Taser International by 18.1% in the first quarter. IFP Advisors Inc now owns 14,595 shares of the company’s stock valued at $286,000 after buying an additional 2,240 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased 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 valued at $306,000 after buying an additional 768 shares during the last quarter. Institutional investors and hedge funds own 71.54% of the company’s stock.
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).
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