Is TASER International, Inc. (TASR) Firing Blanks?

Consequently, some big names were breaking ground themselves. Marshall Wace LLP, led by Paul Marshall and Ian Wace, assembled the largest position in TASER International, Inc. (NASDAQ:TASR). Marshall Wace LLP had $4 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $3.4 million position during the quarter. The other funds with new positions in the stock are John Overdeck and David Siegel’s Two Sigma Advisors, Frank Slattery’s Symmetry Peak Management, and Will Graves’ Boardman Bay Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as TASER International, Inc. (NASDAQ:TASR) but similarly valued. We will take a look at United Community Banks Inc (NASDAQ:UCBI), Five Prime Therapeutics Inc (NASDAQ:FPRX), Ramco-Gershenson Properties Trust (NYSE:RPT), and Dean Foods Co (NYSE:DF). This group of stocks’ market values resemble TASR’s market value.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $134 million. That figure was $49 million in TASR’s case. Five Prime Therapeutics Inc (NASDAQ:FPRX) is the most popular stock in this table. On the other hand Ramco-Gershenson Properties Trust (NYSE:RPT) is the least popular one with only 10 bullish hedge fund positions. TASER International, Inc. (NASDAQ:TASR) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard FPRX might be a better candidate to consider taking a long position in.

Disclosure: None