Royal Bank of Canada Buys New Stake in TASER International, Inc. (AAXN)
Royal Bank of Canada bought a new stake in shares of TASER International, Inc. (NASDAQ:AAXN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,970 shares of the industrial products company’s stock, valued at approximately $200,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky purchased a new position in TASER International during the second quarter valued at $425,000. BlackRock Inc. bought a new stake in TASER International during the second quarter valued at about $189,870,000. JPMorgan Chase & Co. bought a new stake in TASER International during the second quarter valued at about $4,363,000. State of Tennessee Treasury Department bought a new stake in TASER International during the second quarter valued at about $1,229,000. Finally, PDT Partners LLC bought a new stake in TASER International during the second quarter valued at about $780,000. Institutional investors own 96.43% of the company’s stock.
Shares of TASER International, Inc. (NASDAQ:AAXN) opened at $23.77 on Friday. The company has a market capitalization of $1,257.74, a PE ratio of 99.04, a price-to-earnings-growth ratio of 5.59 and a beta of 1.17. TASER International, Inc. has a twelve month low of $20.57 and a twelve month high of $28.49.
TASER International (NASDAQ:AAXN) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The business had revenue of $90.26 million for the quarter, compared to the consensus estimate of $82.89 million. TASER International had a net margin of 4.32% and a return on equity of 7.91%. TASER International’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. equities analysts anticipate that TASER International, Inc. will post 0.17 EPS for the current fiscal year.
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A number of equities research analysts have commented on the company. Zacks Investment Research cut TASER International from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Dougherty & Co decreased their price target on TASER International from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of TASER International in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.50.
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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