TASER International (AAXN) Downgraded by BidaskClub
BidaskClub lowered shares of TASER International (NASDAQ:AAXN) from a buy rating to a hold rating in a report issued on Tuesday.
A number of other research analysts have also recently issued reports on the company. ValuEngine upgraded TASER International from a sell rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research upgraded TASER International from a hold rating to a buy rating and set a $26.00 target price on the stock in a research report on Tuesday, October 31st. Oppenheimer reiterated a hold rating on shares of TASER International in a research report on Friday, November 17th. Finally, Dougherty & Co decreased their target price on TASER International from $36.00 to $33.00 and set a buy rating on the stock in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. TASER International has a consensus rating of Hold and a consensus price target of $28.50.
TASER International (AAXN) opened at $24.33 on Tuesday. The company has a market capitalization of $1,269.91, a PE ratio of 100.00, a P/E/G ratio of 5.65 and a beta of 1.19. TASER International has a 52 week low of $20.57 and a 52 week high of $28.17.
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 company had revenue of $90.26 million during the quarter, compared to analyst estimates of $82.89 million. TASER International had a net margin of 4.32% and a return on equity of 7.91%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. equities research analysts predict that TASER International will post 0.17 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in AAXN. PNC Financial Services Group Inc. bought a new stake in TASER International in the second quarter valued at approximately $102,000. Parallel Advisors LLC lifted its stake in TASER International by 13.5% in the second 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 period. Ameritas Investment Partners Inc. acquired a new position in TASER International in the second quarter valued at approximately $113,000. SG Americas Securities LLC acquired a new position in TASER International in the second quarter valued at approximately $118,000. Finally, FNY Partners Fund LP lifted its stake in TASER International by 25.0% in the second 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 period. Institutional investors own 95.76% 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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