TASER International, Inc. (NASDAQ:AAXN) gapped down before the market opened on Monday . The stock had previously closed at $22.52, but opened at $23.01. TASER International shares last traded at $22.60, with a volume of 436,029 shares traded.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded TASER International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.50.

The firm has a market cap of $1.19 billion, a PE ratio of 70.59 and a beta of 0.98. The company’s 50 day moving average price is $23.02 and its 200-day moving average price is $23.94.

TASER International (NASDAQ:AAXN) last announced its earnings results on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The business 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 earnings per share. The business’s revenue was up 35.5% compared to the same quarter last year. On average, equities analysts predict that TASER International, Inc. will post $0.24 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its holdings in TASER International by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 500 shares in the last quarter. Parallel Advisors LLC raised its holdings in TASER International by 13.5% during the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 500 shares in the last quarter. FNY Partners Fund LP raised its holdings in TASER International by 25.0% during the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in TASER International during the second quarter worth about $102,000. Finally, Ameritas Investment Partners Inc. purchased a new position in TASER International during the second quarter worth about $113,000. 96.05% of the stock is owned by institutional investors and hedge funds.

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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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