Taser International Inc. (TASR) Upgraded at Vetr Inc.
Taser International Inc. (NASDAQ:TASR) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.
Other equities analysts also recently issued reports about the company. Ladenburg Thalmann restated a “buy” rating and issued a $31.00 price objective (up from $28.00) on shares of Taser International in a research report on Friday, August 5th. JPMorgan Chase & Co. set a $31.00 price objective on Taser International and gave the company a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded Taser International from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a research report on Tuesday, July 12th. Finally, CL King upgraded Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, July 6th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.72.
Shares of Taser International (NASDAQ:TASR) traded up 0.31% during mid-day trading on Wednesday, reaching $22.47. The company had a trading volume of 107,069 shares. Taser International has a one year low of $13.56 and a one year high of $30.15. The stock has a market capitalization of $1.17 billion, a P/E ratio of 89.88 and a beta of 0.33. The firm has a 50 day moving average of $26.43 and a 200-day moving average of $24.03.
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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 the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The business earned $58.80 million during the quarter, compared to analyst estimates of $54.25 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. Taser International’s revenue for the quarter was up 25.9% on a year-over-year basis. Analysts forecast that Taser International will post $0.27 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Taser International by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 2,270,332 shares of the company’s stock valued at $56,485,000 after buying an additional 205,121 shares during the last quarter. Columbia Wanger Asset Management LLC bought a new stake in shares of Taser International during the second quarter valued at $10,538,000. Ameriprise Financial Inc. boosted its stake in shares of Taser International by 24.1% in the second quarter. Ameriprise Financial Inc. now owns 312,964 shares of the company’s stock valued at $7,787,000 after buying an additional 60,845 shares during the last quarter. 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 last quarter. Finally, Cortina Asset Management LLC bought a new stake in shares of Taser International during the second quarter valued at $6,813,000. 71.54% of the stock is currently owned by institutional investors.
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).
To view Vetr’s full report, visit Vetr’s official website.
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