Ameriprise Financial Inc. purchased a new position in TASER International, Inc. (NASDAQ:AAXN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 437,595 shares of the industrial products company’s stock, valued at approximately $11,001,000. Ameriprise Financial Inc. owned about 0.83% of TASER International at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of AAXN. Villere ST Denis J & Co. LLC acquired a new position in shares of TASER International in the second quarter worth $87,861,000. Stephens Investment Management Group LLC acquired a new position in shares of TASER International in the second quarter worth $19,193,000. Wells Fargo & Company MN acquired a new position in shares of TASER International in the second quarter worth $17,763,000. Rice Hall James & Associates LLC acquired a new position in shares of TASER International in the second quarter worth $16,955,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of TASER International in the second quarter worth $14,463,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of TASER International from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.50.
TASER International, Inc. (NASDAQ:AAXN) opened at 23.82 on Wednesday. The stock has a 50 day moving average of $23.02 and a 200-day moving average of $23.95. TASER International, Inc. has a 1-year low of $21.18 and a 1-year high of $28.49. The firm has a market capitalization of $1.26 billion, a P/E ratio of 74.44 and a beta of 0.98.
TASER International (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The business had revenue of $79.64 million for the quarter, compared to analyst estimates of $74.46 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. On average, equities research analysts anticipate that TASER International, Inc. will post $0.24 earnings per share for the current year.
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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.
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