Raymond James Financial Services Advisors Inc. purchased a new position in shares of TASER International, Inc. (NASDAQ:AAXN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,036 shares of the industrial products company’s stock, valued at approximately $479,000.
Other institutional investors have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky purchased a new stake in TASER International during the second quarter worth about $425,000. BlackRock Inc. purchased a new stake in shares of TASER International in the second quarter valued at about $189,870,000. JPMorgan Chase & Co. purchased a new stake in shares of TASER International in the second quarter valued at about $4,363,000. State of Tennessee Treasury Department purchased a new stake in shares of TASER International in the second quarter valued at about $1,229,000. Finally, PDT Partners LLC purchased a new stake in shares of TASER International in the second quarter valued at about $780,000. Institutional investors and hedge funds own 96.23% of the company’s stock.
TASER International, Inc. (AAXN) opened at $21.16 on Monday. The firm has a market cap of $1,120.00, a price-to-earnings ratio of 88.17, a PEG ratio of 3.56 and a beta of 1.17. TASER International, Inc. has a 52 week low of $20.57 and a 52 week high of $28.49.
TASER International (NASDAQ:AAXN) last posted its quarterly earnings data 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). TASER International had a net margin of 4.32% and a return on equity of 7.91%. The company had revenue of $90.26 million for the quarter, compared to the consensus estimate of $82.89 million. During the same quarter last year, the company earned $0.07 earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. analysts forecast that TASER International, Inc. will post 0.24 EPS for the current fiscal year.
Several brokerages recently issued reports on AAXN. Dougherty & Co reduced their price objective on shares of TASER International from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of TASER International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of TASER International in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.50.
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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