Zacks Investment Research downgraded shares of TASER International, Inc. (NASDAQ:AAXN) from a buy rating to a hold rating in a research note published on Thursday.
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 research analysts have also issued research reports about the stock. Dougherty & Co cut their price target 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 upgraded shares of TASER International from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. restated a hold rating on shares of TASER International in a research note on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. TASER International currently has an average rating of Hold and an average price target of $28.50.
TASER International (NASDAQ AAXN) opened at $21.16 on Thursday. The company has a market cap of $1,119.64, a P/E ratio of 88.17, a P/E/G ratio of 3.56 and a beta of 1.17. TASER International 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 consensus estimate of $0.04 by ($0.03). The firm had revenue of $90.26 million for the quarter, compared to the consensus estimate of $82.89 million. TASER International had a return on equity of 7.91% and a net margin of 4.32%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. equities analysts expect that TASER International will post 0.24 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the business. Verition Fund Management LLC acquired a new position in TASER International during the 2nd quarter valued at approximately $369,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of TASER International in the 2nd quarter valued at $425,000. BlackRock Inc. purchased a new stake in shares of TASER International in the 2nd quarter valued at $189,870,000. JPMorgan Chase & Co. purchased a new stake in shares of TASER International in the 2nd quarter valued at $4,363,000. Finally, State of Tennessee Treasury Department purchased a new stake in shares of TASER International in the 2nd quarter valued at $1,229,000. Institutional investors and hedge funds own 96.24% 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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