TASER International, Inc. (NASDAQ:AAXN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Axon Enterprise, Inc. engages in the development, manufacture and sale of conducted electrical weapons for the law enforcement, federal, military, corrections, private security and personal defense markets. Its operating segment consists of TASER Weapons and Axon segments. TASER Weapons segment involves in the sale of conducted electrical weapons, accessories and other products and services. Axon segment focuses on devices, wearables, applications, cloud and mobile products. Axon Enterprise Inc., formerly known as TASER International Inc., is headquartered in Scottsdale, AZ. “

Other equities research analysts have also issued reports about the company. ValuEngine upgraded TASER International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Craig Hallum upped their price target on TASER International from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $27.33.

Shares of TASER International (NASDAQ:AAXN) traded down 0.81% during trading on Monday, hitting $22.18. The stock had a trading volume of 566,983 shares. TASER International has a 52-week low of $21.18 and a 52-week high of $29.80. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 69.31 and a beta of 0.96. The firm’s 50-day moving average is $25.06 and its 200 day moving average is $24.57.

TASER International (NASDAQ:AAXN) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $79.64 million during the quarter, compared to analyst estimates of $74.46 million. TASER International had a return on equity of 10.47% and a net margin of 5.45%. The business’s revenue was up 35.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. On average, analysts expect that TASER International will post $0.25 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in shares of TASER International during the second quarter valued at $102,000. Parallel Advisors LLC raised its position in shares of 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 last quarter. SG Americas Securities LLC acquired a new position in shares of TASER International during the second quarter valued at $118,000. FNY Partners Fund LP raised its position in shares of 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 last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of TASER International during the second quarter valued at $135,000. Institutional investors own 80.26% 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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