TASER International, Inc. (AAXN) Downgraded to Sell at Zacks Investment Research
TASER International, Inc. (NASDAQ:AAXN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
According to Zacks, “Axon Enterprise, Inc. engages in the development, manufacture and sale of conducted electrical weapons for the law enforcement, federal, military, corrections, private security and personal defense markets. Its operating segment consists of TASER Weapons and Axon segments. TASER Weapons segment involves in the sale of conducted electrical weapons, accessories and other products and services. Axon segment focuses on devices, wearables, applications, cloud and mobile products. Axon Enterprise Inc., formerly known as TASER International Inc., is headquartered in Scottsdale, AZ. “
A number of other equities research analysts also recently weighed in on the company. Craig Hallum lifted their target price on TASER International from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Imperial Capital reissued an “in-line” rating and set a $25.00 target price on shares of TASER International in a research report on Monday, March 27th. Finally, ValuEngine downgraded TASER International from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. TASER International presently has an average rating of “Hold” and a consensus price target of $28.80.
Shares of TASER International (NASDAQ AAXN) traded up 1.20% during mid-day trading on Tuesday, reaching $25.32. The company’s stock had a trading volume of 407,098 shares. TASER International has a 12 month low of $21.18 and a 12 month high of $30.15. The company has a 50 day moving average price of $25.01 and a 200 day moving average price of $24.47. The stock has a market capitalization of $1.33 billion, a P/E ratio of 72.14 and a beta of 0.97.
TASER International (NASDAQ:AAXN) last released its earnings results on Tuesday, May 9th. The industrial products company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. TASER International had a return on equity of 11.93% and a net margin of 6.31%. The business had revenue of $79.20 million for the quarter, compared to the consensus estimate of $69.69 million. During the same period last year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities research analysts anticipate that TASER International will post $0.26 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. acquired a new position in shares of TASER International during the second quarter worth approximately $434,000. Granahan Investment Management Inc. MA acquired a new position in shares of TASER International during the first quarter worth approximately $9,850,000. New York State Teachers Retirement System acquired a new position in shares of TASER International during the first quarter worth approximately $1,289,000. Geode Capital Management LLC acquired a new position in shares of TASER International during the first quarter worth approximately $9,803,000. Finally, Marshall Wace LLP acquired a new position in shares of TASER International during the first quarter worth approximately $3,201,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.
TASER International Company Profile
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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