Kennedy Capital Management Inc. purchased a new stake in shares of TASER International, Inc. (NASDAQ:AAXN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 214,882 shares of the industrial products company’s stock, valued at approximately $5,402,000. Kennedy Capital Management Inc. owned approximately 0.41% of TASER International at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Artisan Partners Limited Partnership bought a new position in shares of TASER International during the 1st quarter valued at $31,718,000. Brighton Jones LLC bought a new position in shares of TASER International during the 2nd quarter valued at $303,000. Aperio Group LLC bought a new position in shares of TASER International during the 2nd quarter valued at $364,000. Municipal Employees Retirement System of Michigan bought a new position in shares of TASER International during the 1st quarter valued at $273,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of TASER International during the 2nd quarter valued at $682,000. Institutional investors and hedge funds own 95.72% of the company’s stock.
TASER International, Inc. (AAXN) opened at 22.55 on Friday. The stock’s 50 day moving average is $23.02 and its 200-day moving average is $23.93. TASER International, Inc. has a 12-month low of $21.18 and a 12-month high of $29.00. The company has a market cap of $1.19 billion, a P/E ratio of 70.47 and a beta of 1.00.
TASER International (NASDAQ:AAXN) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. The business had revenue of $79.64 million for the quarter, compared to analyst estimates of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Analysts predict that TASER International, Inc. will post $0.25 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of TASER International from a “sell” rating to a “hold” rating in a report on Monday, August 14th. ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.33.
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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