Axon Enterprise (NASDAQ:AAXN) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. lowered Axon Enterprise from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a report on Thursday, June 7th. William Blair began coverage on Axon Enterprise in a research note on Tuesday, May 29th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Friday, March 2nd. Imperial Capital reiterated an “in-line” rating and issued a $38.00 price objective (up previously from $25.00) on shares of Axon Enterprise in a research note on Tuesday, March 20th. Finally, Dougherty & Co reiterated a “buy” rating and issued a $36.00 price objective (up previously from $33.00) on shares of Axon Enterprise in a research note on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.14.
Axon Enterprise opened at $65.54 on Monday, Marketbeat.com reports. The company has a market capitalization of $3.43 billion, a PE ratio of 242.74, a price-to-earnings-growth ratio of 4.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.68. Axon Enterprise has a 12-month low of $20.57 and a 12-month high of $69.09.
Axon Enterprise (NASDAQ:AAXN) last released its earnings results on Tuesday, May 8th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.20. The company had revenue of $101.20 million during the quarter, compared to analyst estimates of $91.28 million. Axon Enterprise had a return on equity of 13.07% and a net margin of 3.88%. Axon Enterprise’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. analysts anticipate that Axon Enterprise will post 0.55 earnings per share for the current fiscal year.
In related news, CEO Patrick W. Smith sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $53.00, for a total value of $15,900,000.00. Following the transaction, the chief executive officer now owns 862,684 shares in the company, valued at $45,722,252. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of AAXN. Schwab Charles Investment Management Inc. lifted its position in shares of Axon Enterprise by 5.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 249,163 shares of the industrial products company’s stock worth $6,603,000 after acquiring an additional 13,153 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Axon Enterprise during the fourth quarter worth $477,000. California Public Employees Retirement System lifted its position in shares of Axon Enterprise by 1.7% during the fourth quarter. California Public Employees Retirement System now owns 140,100 shares of the industrial products company’s stock worth $3,713,000 after acquiring an additional 2,300 shares in the last quarter. Swiss National Bank lifted its position in shares of Axon Enterprise by 5.8% during the fourth quarter. Swiss National Bank now owns 92,300 shares of the industrial products company’s stock worth $2,446,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Axon Enterprise by 14.1% during the fourth quarter. Wells Fargo & Company MN now owns 789,321 shares of the industrial products company’s stock worth $20,917,000 after acquiring an additional 97,562 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.