Axon Enterprise Inc (NASDAQ:AAXN) has been given an average rating of “Buy” by the fifteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $71.00.
AAXN has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $81.00 price target (up previously from $73.00) on shares of Axon Enterprise in a research note on Thursday, June 20th. TheStreet lowered shares of Axon Enterprise from a “b-” rating to a “c+” rating in a research note on Wednesday, July 10th. Needham & Company LLC lowered shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Imperial Capital upgraded shares of Axon Enterprise from an “in-line” rating to an “outperform” rating and set a $68.00 price target on the stock in a research note on Wednesday, August 14th. Finally, BidaskClub upgraded shares of Axon Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd.
In other Axon Enterprise news, Director Julie A. Cullivan sold 1,360 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $57.86, for a total transaction of $78,689.60. Following the transaction, the director now owns 7,815 shares in the company, valued at approximately $452,175.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.
Several large investors have recently made changes to their positions in AAXN. Quad Cities Investment Group LLC grew its position in shares of Axon Enterprise by 400.0% during the 2nd quarter. Quad Cities Investment Group LLC now owns 500 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. Executive Wealth Management LLC acquired a new position in shares of Axon Enterprise during the 2nd quarter worth approximately $32,000. Griffin Asset Management Inc. acquired a new position in shares of Axon Enterprise during the 2nd quarter worth approximately $40,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Axon Enterprise during the 2nd quarter worth approximately $103,000. Finally, Stephens Inc. AR grew its position in shares of Axon Enterprise by 201.1% during the 1st quarter. Stephens Inc. AR now owns 2,845 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 83.99% of the company’s stock.
AAXN traded up $0.74 on Friday, reaching $65.11. The company had a trading volume of 428,924 shares, compared to its average volume of 559,671. Axon Enterprise has a fifty-two week low of $39.43 and a fifty-two week high of $74.93. The stock has a market cap of $3.86 billion, a P/E ratio of 130.22, a P/E/G ratio of 8.23 and a beta of 0.71. The company’s fifty day moving average is $62.73 and its 200 day moving average is $62.11.
Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.05). Axon Enterprise had a net margin of 3.34% and a return on equity of 3.19%. The company had revenue of $112.36 million during the quarter, compared to analyst estimates of $115.41 million. During the same quarter last year, the company posted $0.18 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Research analysts forecast that Axon Enterprise will post 0.51 earnings per share for the current fiscal year.
Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.
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