Zacks Investment Research lowered shares of TASER International, Inc. (NASDAQ:AAXN) from a hold rating to a sell rating in a research report report published on Wednesday morning.
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. “
A number of other equities research analysts have also commented on the company. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of TASER International in a research report on Wednesday, November 8th. ValuEngine upgraded TASER International from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, Dougherty & Co reduced their price target on TASER International from $36.00 to $33.00 and set a buy rating on the stock in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $28.50.
TASER International (NASDAQ AAXN) opened at $23.13 on Wednesday. TASER International has a fifty-two week low of $20.57 and a fifty-two week high of $28.49. The stock has a market capitalization of $1,223.88, a PE ratio of 96.38, a price-to-earnings-growth ratio of 5.44 and a beta of 1.17.
TASER International (NASDAQ:AAXN) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). TASER International had a return on equity of 7.91% and a net margin of 4.32%. The firm had revenue of $90.26 million during the quarter, compared to analyst estimates of $82.89 million. During the same period in the previous year, the company earned $0.07 EPS. TASER International’s revenue for the quarter was up 25.6% on a year-over-year basis. equities research analysts predict that TASER International will post 0.17 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in AAXN. FMR LLC bought a new stake in shares of TASER International during the 2nd quarter valued at about $198,826,000. BlackRock Inc. bought a new stake in shares of TASER International during the 2nd quarter valued at about $189,870,000. Vanguard Group Inc. bought a new stake in shares of TASER International during the 2nd quarter valued at about $92,258,000. Villere ST Denis J & Co. LLC bought a new stake in shares of TASER International during the 2nd quarter valued at about $87,861,000. Finally, Abdiel Capital Advisors LP bought a new stake in shares of TASER International during the 2nd quarter valued at about $73,860,000. Institutional investors own 96.23% of the company’s stock.
About TASER International
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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