Imperial Capital Begins Coverage on Taser International Inc. (TASR)
Equities research analysts at Imperial Capital initiated coverage on shares of Taser International Inc. (NASDAQ:TASR) in a report issued on Friday, StockTargetPrices.com reports. The firm set an “outperform” rating and a $27.00 price target on the stock. Imperial Capital’s price objective would suggest a potential upside of 22.23% from the company’s previous close.
A number of other analysts have also recently issued reports on TASR. Zacks Investment Research upgraded shares of Taser International from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, June 30th. Ladenburg Thalmann restated a “buy” rating and set a $31.00 target price (up previously from $28.00) on shares of Taser International in a research note 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 note on Friday, August 5th. Dougherty & Co restated a “buy” rating and set a $23.00 target price on shares of Taser International in a research note on Thursday, June 23rd. Finally, Vetr upgraded shares of Taser International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $27.63.
Taser International (NASDAQ:TASR) opened at 22.09 on Friday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 88.36 and a beta of 0.33. The firm has a 50-day moving average of $26.06 and a 200-day moving average of $24.00. Taser International has a 52-week low of $13.56 and a 52-week high of $30.15.
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Taser International (NASDAQ:TASR) last posted its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company earned $58.80 million during 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 quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. On average, equities research analysts forecast that Taser International will post $0.27 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in 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 in the last quarter. Columbia Wanger Asset Management LLC purchased a new position in Taser International during the second quarter valued at approximately $10,538,000. Ameriprise Financial Inc. raised its position in 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 in the last quarter. Ashford Capital Management Inc. raised its position in 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 in the last quarter. Finally, Cortina Asset Management LLC purchased a new position in Taser International during the second quarter valued at approximately $6,813,000. 71.54% of the stock is currently owned by hedge funds and other 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).
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