TASER International, Inc. (AAXN) Receives Consensus Recommendation of “Hold” from Analysts
TASER International, Inc. (NASDAQ:AAXN) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.00.
A number of research firms have commented on AAXN. Zacks Investment Research upgraded TASER International from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday. ValuEngine upgraded TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.
Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in shares of TASER International in the second quarter valued at $102,000. Parallel Advisors LLC lifted its position in shares of TASER International by 13.5% in the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of TASER International in the second quarter valued at $113,000. SG Americas Securities LLC purchased a new stake in shares of TASER International in the second quarter valued at $118,000. Finally, FNY Partners Fund LP lifted its position in shares of TASER International by 25.0% in the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.
TASER International (AAXN) traded down 0.39% during midday trading on Wednesday, reaching $22.88. The company’s stock had a trading volume of 229,356 shares. The stock’s 50 day moving average is $23.16 and its 200 day moving average is $23.95. TASER International has a 12-month low of $21.18 and a 12-month high of $28.49. The stock has a market cap of $1.21 billion, a P/E ratio of 71.50 and a beta of 0.98.
TASER International (NASDAQ:AAXN) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. TASER International had a return on equity of 10.47% and a net margin of 5.45%. The firm had revenue of $79.64 million for the quarter, compared to the consensus estimate of $74.46 million. During the same period in the previous year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. Analysts anticipate that TASER International will post $0.24 earnings per share for the current year.
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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