TASER International, Inc. (NASDAQ:AAXN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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. “

Other equities research analysts also recently issued reports about the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of TASER International in a research note on Wednesday, November 8th. ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Dougherty & Co reduced their price target on shares of TASER International from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. TASER International currently has a consensus rating of “Hold” and an average price target of $28.50.

TASER International (NASDAQ AAXN) traded up $0.28 on Wednesday, hitting $21.40. 908,000 shares of the stock were exchanged, compared to its average volume of 798,426. TASER International has a one year low of $20.57 and a one year high of $28.49. The firm has a market cap of $1,130.00, a P/E ratio of 88.00, a P/E/G ratio of 3.55 and a beta of 1.17.

TASER International (NASDAQ:AAXN) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). TASER International had a net margin of 4.32% and a return on equity of 7.91%. The company had revenue of $90.26 million during the quarter, compared to analyst estimates of $82.89 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. analysts expect that TASER International will post 0.24 EPS for the current year.

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Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new stake in TASER International during the 2nd quarter worth approximately $102,000. Parallel Advisors LLC boosted its position in TASER International by 13.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock worth $103,000 after buying an additional 500 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in TASER International during the 2nd quarter worth approximately $113,000. SG Americas Securities LLC acquired a new stake in TASER International during the 2nd quarter worth approximately $118,000. Finally, FNY Partners Fund LP boosted its position in TASER International by 25.0% during the 2nd quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock worth $125,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 96.23% 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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Analyst Recommendations for TASER International (NASDAQ:AAXN)

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