TASER International (TASR) is Reiterated by Dougherty & Company to Buy, Raises Price Target to $ 23

TASER International (TASR) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 23 from a previous price target of $21 . Dougherty & Company advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on TASER International. Dougherty & Company Resumed TASER International on Mar 29, 2016 to “Buy”, Price Target of the shares are set at $21.

On the company’s financial health, TASER International reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.04. The company had revenue of $55.50 million for the quarter, compared to analysts expectations of $51.82 million. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

TASER International closed down -0.14 points or -0.79% at $17.66 with 14,75,615 shares getting traded on Wednesday. Post opening the session at $17.61, the shares hit an intraday low of $17.18 and an intraday high of $17.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 17, 2016, Joshua Isner (EVP Global Sales) sold 1,780 shares at $18.80 per share price. According to the SEC, on Mar 7, 2016, Hadi Partovi (director) purchased 100,000 shares at $19.85 per share price. On Mar 7, 2016, Luke Larson (President) sold 6,000 shares at $20.01 per share price, according to the Form-4 filing with the securities and exchange commission.

TASER International Inc. is engaged in development manufacture and sale of conducted electrical weapons (CEW) designed for use in law enforcement military corrections private security and personal defense. The Company is engaged in developing devices with technology to incapacitate dangerous combative or high-risk subjects who pose a risk to law enforcement officers innocent citizens or themselves in a manner that is generally recognized as a safer alternative to other uses of force. The Company operates through two segments: the sale of CEWs accessories and other products and services and the video business. The CEWs Products segment makes CEWs that use it Neuro Muscular Incapacitation (NMI) effects for two main types of market segments: the law enforcement military corrections and professional security markets; and the consumer market. The Video business includes the TASER Cam AXON Video products and EVIDENCE.com.

TASER International

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