TASER International (AAXN) Rating Increased to Buy at BidaskClub

TASER International (NASDAQ:AAXN) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other research firms have also recently weighed in on AAXN. Zacks Investment Research raised TASER International from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a “hold” rating on shares of TASER International in a research report on Wednesday, November 8th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Dougherty & Co lowered their price objective 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. TASER International currently has an average rating of “Hold” and a consensus price target of $28.50.

TASER International (AAXN) traded up $0.57 during trading on Tuesday, hitting $25.16. The company’s stock had a trading volume of 494,380 shares, compared to its average volume of 788,475. The company has a market cap of $1,296.63, a P/E ratio of 102.10, a P/E/G ratio of 5.77 and a beta of 1.19. TASER International has a 1-year low of $20.57 and a 1-year high of $28.17.

TASER International (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (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 firm had revenue of $90.26 million for the quarter, compared to the consensus estimate of $82.89 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. sell-side analysts expect that TASER International will post 0.17 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in shares of TASER International by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 1,663,788 shares of the industrial products company’s stock valued at $37,718,000 after buying an additional 11,433 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in TASER International in the 3rd quarter worth approximately $2,089,000. OxFORD Asset Management LLP purchased a new position in TASER International in the 3rd quarter worth approximately $6,655,000. Schwab Charles Investment Management Inc. lifted its holdings in TASER International by 5.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 236,010 shares of the industrial products company’s stock worth $5,351,000 after purchasing an additional 12,344 shares in the last quarter. Finally, Fernwood Investment Management LLC lifted its holdings in TASER International by 65.0% in the 3rd quarter. Fernwood Investment Management LLC now owns 25,650 shares of the industrial products company’s stock worth $581,000 after purchasing an additional 10,100 shares in the last quarter. 95.76% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for TASER International (NASDAQ:AAXN)

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