Major Move Is Coming For TASER International, Inc. After Bearish Options Activity

 Major Move Is Coming For TASER International, Inc. After Bearish Options Activity

In today’s session TASER International, Inc. (TASR) recorded an unusually high (283) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious TASR decrease. With 283 contracts traded and 1274 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: TASR170120P00027000 closed last at: $1.05 or 30% down. The stock increased 0.43% or $0.12 on November 23, hitting $28.11. About 750,309 shares traded hands. TASER International, Inc. (NASDAQ:TASR) has risen 50.56% since April 22, 2016 and is uptrending. It has outperformed by 45.15% the S&P500.

Analysts await TASER International, Inc. (NASDAQ:TASR) to report earnings on March, 6. They expect $0.11 EPS, up 22.22% or $0.02 from last year’s $0.09 per share. TASR’s profit will be $5.91 million for 63.89 P/E if the $0.11 EPS becomes a reality. After $0.07 actual EPS reported by TASER International, Inc. for the previous quarter, Wall Street now forecasts 57.14% EPS growth.

TASER International, Inc. (NASDAQ:TASR) Ratings Coverage

Out of 6 analysts covering TASER International (NASDAQ:TASR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. TASER International has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Hold” on Wednesday, August 5. As per Friday, October 14, the company rating was initiated by Imperial Capital. As per Monday, October 3, the company rating was downgraded by Ladenburg Thalmann. The stock of TASER International, Inc. (NASDAQ:TASR) has “Buy” rating given on Thursday, November 10 by Craig Hallum. As per Wednesday, July 6, the company rating was upgraded by CL King. Sidoti initiated the shares of TASR in a report on Thursday, September 24 with “Buy” rating. The stock of TASER International, Inc. (NASDAQ:TASR) has “Overweight” rating given on Wednesday, January 6 by JP Morgan. The firm has “Buy” rating given on Wednesday, November 18 by Ladenburg Thalmann. The stock of TASER International, Inc. (NASDAQ:TASR) earned “In-Line” rating by Imperial Capital on Friday, November 11.

According to Zacks Investment Research, “Taser International, Inc. develops, assembles and markets less-lethal, conducted energy weapons primarily for use in the law enforcement and corrections market. Its advanced Taser weapon offers improved performance over other less-lethal force options used by law enforcement agencies. It can temporarily incapacitate virtually any individual regardless of pain tolerance, drug use, or body size – factors that cause other less-lethal options to have decreased effectiveness. The advanced Taser also has a comparable or lower injury rate than other less-lethal weapons.”

Insitutional Activity: The institutional sentiment increased to 1.34 in 2016 Q2. Its up 0.37, from 0.97 in 2016Q1. The ratio is positive, as 24 funds sold all TASER International, Inc. shares owned while 52 reduced positions. 24 funds bought stakes while 50 increased positions. They now own 37.15 million shares or 0.18% more from 37.09 million shares in 2016Q1.
Hightower Advsrs Limited Liability Co has 29,245 shares for 0.01% of their US portfolio. Concert Wealth has 40,247 shares for 0.14% of their US portfolio. Us National Bank & Trust De holds 0% or 7,142 shares in its portfolio. Alliancebernstein Ltd Partnership, a New York-based fund reported 83,956 shares. Nicholas Limited Partnership accumulated 0.1% or 58,054 shares. Renaissance Gru Limited Liability Co last reported 15,140 shares in the company. Stephens Ar accumulated 1,219 shares or 0% of the stock. Cetera Advisor Lc accumulated 12,564 shares or 0.02% of the stock. Moreover, Principal Financial Group Inc has 0.01% invested in TASER International, Inc. (NASDAQ:TASR) for 370,075 shares. Parametric Assocs Limited last reported 0% of its portfolio in the stock. Wellington Mngmt Grp Llp has 221,558 shares for 0% of their US portfolio. Next Group Inc holds 0.01% of its portfolio in TASER International, Inc. (NASDAQ:TASR) for 1,200 shares. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0% invested in TASER International, Inc. (NASDAQ:TASR) for 15,200 shares. Commonwealth Equity, a Massachusetts-based fund reported 33,708 shares. Louisiana State Employees Retirement System holds 0.03% or 23,300 shares in its portfolio.

Insider Transactions: Since November 16, 2016, the stock had 0 insider purchases, and 3 sales for $565,608 net activity. $253,116 worth of TASER International, Inc. (NASDAQ:TASR) was sold by Behrendt Daniel Marc. 8,367 shares were sold by Larson Luke, worth $231,599 on Wednesday, November 16. $80,893 worth of shares were sold by Isner Joshua on Wednesday, November 16.

TASER International, Inc. is engaged in development, manufacture and sale of conducted electrical weapons designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The company has a market cap of $1.51 billion. The Firm is also engaged in development of connected wearable on-officer cameras, which utilize its cloud digital evidence management solution (Axon solution). It has a 94.35 P/E ratio. The Firm operates through two divisions: the sale of CEWs, accessories, and other services and products (the TASER Weapons segment), and the Axon business, focused on wearables, cloud and mobile products, including Axon video products, TASER Cam and Evidence.com (the Axon segment).

TASR Company Profile

TASER International, Inc., incorporated on January, 5, 2001, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Firm is also engaged in development of connected wearable on-officer cameras, which utilize its cloud digital evidence management solution (Axon solution). The Firm operates through two divisions: the sale of CEWs, accessories, and other services and products (the TASER Weapons segment), and the Axon business, focused on wearables, cloud and mobile products, including Axon video products, TASER Cam and Evidence.com (the Axon segment).

More recent TASER International, Inc. (NASDAQ:TASR) news were published by: Fool.com which released: “Why You’re Right (and Wrong) to Invest in TASER International Inc.” on November 21, 2016. Also Fool.com published the news titled: “Why Shares of TASER International, Inc. Popped 18% Today” on November 10, 2016. Fool.com‘s news article titled: “Why TASER International, Inc. Shares Plunged 21.8% Last Month” with publication date: November 08, 2016 was also an interesting one.

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