BidaskClub Downgrades TASER International (AAXN) to Hold

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

Several other equities analysts have also issued reports on AAXN. Zacks Investment Research raised TASER International from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Oppenheimer reaffirmed a “hold” rating on shares of TASER International in a report on Wednesday, November 8th. Dougherty & Co dropped their price objective on TASER International from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.50.

Shares of TASER International (NASDAQ AAXN) opened at $24.00 on Tuesday. TASER International has a 52 week low of $20.57 and a 52 week high of $28.44. The firm has a market capitalization of $1,274.67, a price-to-earnings ratio of 100.38, a price-to-earnings-growth ratio of 5.67 and a beta of 1.19.

TASER International (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm 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 business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. research analysts forecast that TASER International will post 0.17 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAXN. PNC Financial Services Group Inc. purchased a new position in shares of TASER International during the second quarter worth about $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 worth $103,000 after buying an additional 500 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of TASER International during the second quarter worth about $113,000. SG Americas Securities LLC purchased a new position in shares of TASER International during the second quarter worth about $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 worth $125,000 after buying an additional 1,000 shares during 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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