TASER International (NASDAQ:AAXN) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
AAXN has been the topic of several other research reports. Zacks Investment Research cut TASER International from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Dougherty & Co lowered their target price on TASER International from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of TASER International in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.50.
Shares of TASER International (NASDAQ:AAXN) opened at $24.10 on Tuesday. TASER International has a one year low of $20.57 and a one year high of $28.49. The stock has a market capitalization of $1,280.00, a P/E ratio of 102.00, a price-to-earnings-growth ratio of 5.76 and a beta of 1.19.
TASER International (NASDAQ:AAXN) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $90.26 million for the quarter, compared to analyst estimates of $82.89 million. During the same quarter in the previous year, the company earned $0.07 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. research analysts forecast that TASER International will post 0.17 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of AAXN. PNC Financial Services Group Inc. bought a new position in shares of TASER International during the second quarter valued at approximately $102,000. Parallel Advisors LLC grew its holdings in shares of TASER International by 13.5% during the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 500 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of TASER International during the second quarter valued at approximately $113,000. SG Americas Securities LLC bought a new position in shares of TASER International during the second quarter valued at approximately $118,000. Finally, FNY Partners Fund LP grew its holdings in shares of TASER International by 25.0% during the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,000 shares during the last quarter. 95.76% of the stock is owned by institutional investors.
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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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