TASER International, Inc. (NASDAQ:AAXN) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.50.
A number of analysts recently weighed in on AAXN shares. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of TASER International from a “sell” rating to a “hold” rating in a research report on Monday, August 14th.
A number of large investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan boosted its position in TASER International by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock valued at $313,000 after buying an additional 500 shares during the last quarter. Parallel Advisors LLC boosted its position in TASER International by 13.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after buying an additional 500 shares during the last quarter. FNY Partners Fund LP boosted its position in TASER International by 25.0% in the 2nd quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in TASER International in the 2nd quarter valued at about $102,000. Finally, Ameritas Investment Partners Inc. purchased a new position in TASER International in the 2nd quarter valued at about $113,000. 96.05% of the stock is owned by institutional investors.
Shares of TASER International (NASDAQ:AAXN) traded up 1.10% during mid-day trading on Friday, hitting $23.82. The stock had a trading volume of 507,581 shares. The stock has a market cap of $1.26 billion, a P/E ratio of 74.44 and a beta of 0.98. TASER International has a 12-month low of $21.18 and a 12-month high of $28.49. The company’s 50 day moving average price is $23.02 and its 200 day moving average price is $23.95.
TASER International (NASDAQ:AAXN) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The firm had revenue of $79.64 million during the quarter, compared to analysts’ expectations of $74.46 million. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 35.5% on a year-over-year basis. Equities research analysts predict that TASER International will post $0.24 EPS for the current fiscal 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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