Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of TASER International, Inc. (NASDAQ:AAXN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 108,005 shares of the industrial products company’s stock, valued at approximately $2,718,000. Migdal Insurance & Financial Holdings Ltd. owned 0.20% of TASER International at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of AAXN. FMR LLC acquired a new position in TASER International during the second quarter worth about $198,826,000. BlackRock Inc. acquired a new position in TASER International during the second quarter worth about $189,870,000. Vanguard Group Inc. acquired a new position in TASER International during the second quarter worth about $92,258,000. Villere ST Denis J & Co. LLC acquired a new position in TASER International during the second quarter worth about $87,861,000. Finally, Abdiel Capital Advisors LP acquired a new position in TASER International during the second quarter worth about $73,860,000. Institutional investors own 96.02% of the company’s stock.
TASER International, Inc. (NASDAQ:AAXN) traded up 0.34% during mid-day trading on Friday, hitting $23.72. 317,653 shares of the stock traded hands. TASER International, Inc. has a 12-month low of $21.18 and a 12-month high of $29.00. The stock has a 50 day moving average price of $23.02 and a 200 day moving average price of $23.95. The firm has a market cap of $1.25 billion, a PE ratio of 74.12 and a beta of 0.98.
TASER International (NASDAQ:AAXN) last released its earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $79.64 million for the quarter, compared to the consensus estimate of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. On average, analysts expect that TASER International, Inc. will post $0.24 earnings per share for the current fiscal year.
Several brokerages have weighed in on AAXN. ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of TASER International from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. TASER International currently has a consensus rating of “Hold” and a consensus price target of $27.50.
TASER International 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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