Axon Enterprise (NASDAQ:AAXN) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
Other analysts have also recently issued research reports about the stock. Oppenheimer reaffirmed a “hold” rating on shares of Axon Enterprise in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. boosted their target price on shares of Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, December 21st. Finally, Dougherty & Co decreased their target price on shares of Axon Enterprise from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.20.
Axon Enterprise (NASDAQ:AAXN) opened at $28.58 on Friday. Axon Enterprise has a 1 year low of $20.57 and a 1 year high of $29.00. The company has a market cap of $1,510.00, a P/E ratio of 114.32, a price-to-earnings-growth ratio of 4.01 and a beta of 1.23.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ashford Capital Management Inc. grew its stake in shares of Axon Enterprise by 149.7% during the fourth quarter. Ashford Capital Management Inc. now owns 549,993 shares of the industrial products company’s stock worth $14,575,000 after buying an additional 329,760 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Axon Enterprise in the fourth quarter worth $585,000. Financial Advocates Investment Management bought a new stake in shares of Axon Enterprise in the fourth quarter worth $229,000. LPL Financial LLC grew its stake in shares of Axon Enterprise by 7.1% in the fourth quarter. LPL Financial LLC now owns 27,361 shares of the industrial products company’s stock worth $725,000 after purchasing an additional 1,810 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Axon Enterprise in the fourth quarter worth $377,000. 95.87% of the stock is currently owned by hedge funds and other institutional investors.
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About Axon Enterprise
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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