TASER International, Inc. (NASDAQ:AAXN) Given Average Recommendation of “Hold” by Analysts
TASER International, Inc. (NASDAQ:AAXN) has earned an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $28.67.
A number of equities research analysts recently issued reports on the company. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered TASER International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Imperial Capital reaffirmed an “in-line” rating and set a $25.00 price target on shares of TASER International in a research report on Thursday, April 6th. Finally, Craig Hallum boosted their price target on TASER International from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th.
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TASER International (NASDAQ AAXN) traded down 0.28% during trading on Monday, reaching $25.19. The company had a trading volume of 159,234 shares. The company has a 50 day moving average price of $25.15 and a 200 day moving average price of $24.57. The company has a market capitalization of $1.33 billion, a PE ratio of 71.77 and a beta of 0.97. TASER International has a 52-week low of $21.18 and a 52-week high of $30.15.
TASER International (NASDAQ:AAXN) last announced its earnings results on Tuesday, May 9th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $69.69 million. During the same quarter last year, the firm earned $0.06 EPS. TASER International’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities analysts forecast that TASER International will post $0.26 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Villere ST Denis J & Co. LLC purchased a new stake in TASER International during the second quarter valued at about $87,861,000. Artisan Partners Limited Partnership purchased a new stake in TASER International during the first quarter valued at about $31,718,000. Columbia Wanger Asset Management LLC purchased a new stake in TASER International during the first quarter valued at about $14,841,000. Granahan Investment Management Inc. MA purchased a new stake in TASER International during the first quarter valued at about $9,850,000. Finally, Geode Capital Management LLC purchased a new stake in TASER International during the first quarter valued at about $9,803,000. Institutional investors and hedge funds own 79.21% of the company’s stock.
About TASER International
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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