TASER International (NASDAQ:AAXN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, November 15th.
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. “
Several other analysts have also issued reports on the stock. Oppenheimer restated a “hold” rating on shares of TASER International in a report on Wednesday, November 8th. Dougherty & Co lowered their price objective on TASER International from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Finally, ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.50.
TASER International (AAXN) traded down $0.38 during midday trading on Wednesday, hitting $24.10. The stock had a trading volume of 783,632 shares, compared to its average volume of 794,997. 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 cap of $1,280.00, a price-to-earnings ratio of 102.00, a PEG ratio of 5.76 and a beta of 1.19.
TASER International (NASDAQ:AAXN) last posted its quarterly earnings results 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 company had revenue of $90.26 million for the quarter, compared to analysts’ expectations of $82.89 million. TASER International had a return on equity of 7.91% and a net margin of 4.32%. The firm’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. equities analysts predict that TASER International will post 0.17 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. purchased a new stake in TASER International in the second quarter valued at approximately $102,000. Parallel Advisors LLC lifted its stake in 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. Ameritas Investment Partners Inc. purchased a new stake in TASER International in the second quarter valued at approximately $113,000. SG Americas Securities LLC purchased a new stake in TASER International in the second quarter valued at approximately $118,000. Finally, FNY Partners Fund LP lifted its stake in 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. Hedge funds and other institutional investors own 95.76% of the company’s stock.
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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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