Short Interest in TASER International, Inc. (AAXN) Declines By 6.3%
TASER International, Inc. (NASDAQ:AAXN) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 16,973,953 shares, a decline of 6.3% from the August 15th total of 18,121,071 shares. Approximately 33.2% of the company’s stock are sold short. Based on an average trading volume of 613,474 shares, the short-interest ratio is currently 27.7 days.
Institutional investors have recently modified their holdings of the stock. Artisan Partners Limited Partnership bought a new position in shares of TASER International in the 1st quarter worth about $31,718,000. Brighton Jones LLC bought a new stake in TASER International during the 2nd quarter valued at about $303,000. Aperio Group LLC bought a new stake in TASER International during the 2nd quarter valued at about $364,000. Municipal Employees Retirement System of Michigan increased its stake in TASER International by 4.2% during 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 purchasing an additional 500 shares in the last quarter. Finally, Wellington Shields Capital Management LLC bought a new stake in TASER International during the 2nd quarter valued at about $682,000. Institutional investors own 95.72% of the company’s stock.
Shares of TASER International (AAXN) opened at 22.30 on Monday. TASER International has a 52-week low of $21.18 and a 52-week high of $29.00. The stock’s 50 day moving average is $23.02 and its 200 day moving average is $23.93. The company has a market capitalization of $1.18 billion, a P/E ratio of 69.69 and a beta of 1.00.
TASER International (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $79.64 million during the quarter, compared to analyst estimates of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. TASER International’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period last year, the business earned $0.07 EPS. Equities analysts expect that TASER International will post $0.25 EPS for the current year.
AAXN has been the subject of several recent research reports. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of TASER International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.33.
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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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