LS Investment Advisors LLC Acquires New Position in TASER International, Inc. (AAXN)
LS Investment Advisors LLC acquired a new position in TASER International, Inc. (NASDAQ:AAXN) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,966 shares of the industrial products company’s stock, valued at approximately $150,000.
Other large investors also recently modified their holdings of the company. CENTRAL TRUST Co bought a new stake in shares of TASER International during the second quarter worth approximately $163,000. Eqis Capital Management Inc. bought a new stake in shares of TASER International during the second quarter worth approximately $1,215,000. State of Alaska Department of Revenue bought a new stake in shares of TASER International during the second quarter worth approximately $261,000. Creative Planning bought a new stake in shares of TASER International during the second quarter worth approximately $323,000. Finally, Capstone Asset Management Co. bought a new stake in shares of TASER International during the second quarter worth approximately $434,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TASER International, Inc. (AAXN) traded down 1.39% on Thursday, hitting $22.70. 502,792 shares of the stock traded hands. The stock has a market cap of $1.20 billion, a PE ratio of 70.94 and a beta of 0.96. The stock has a 50 day moving average of $25.28 and a 200-day moving average of $24.60. TASER International, Inc. has a 1-year low of $21.18 and a 1-year high of $29.80.
TASER International (NASDAQ:AAXN) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. TASER International had a return on equity of 10.70% and a net margin of 5.45%. The company had revenue of $79.64 million during the quarter, compared to the consensus estimate of $74.46 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s revenue was up 35.5% compared to the same quarter last year. On average, equities research analysts expect that TASER International, Inc. will post $0.26 EPS for the current year.
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A number of brokerages have commented on AAXN. Zacks Investment Research lowered shares of TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Craig Hallum increased their price objective on shares of TASER International from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. TASER International presently has an average rating of “Hold” and a consensus price target of $27.33.
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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