Axon Enterprise (NASDAQ:AAXN) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, February 4th.
Other analysts have also recently issued reports about the company. LADENBURG THALM/SH SH cut Axon Enterprise from a “buy” rating to a “neutral” rating and set a $77.00 target price for the company. in a research report on Monday, October 15th. CL King reaffirmed a “hold” rating on shares of Axon Enterprise in a research note on Monday, October 22nd. Zacks Investment Research raised Axon Enterprise from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, October 23rd. JPMorgan Chase & Co. raised Axon Enterprise from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $68.00 in a research note on Thursday, November 8th. Finally, Robert W. Baird raised Axon Enterprise from a “neutral” rating to an “outperform” rating in a research note on Friday, November 9th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Axon Enterprise presently has an average rating of “Buy” and a consensus price target of $66.27.
Shares of AAXN stock traded up $0.62 on Monday, hitting $54.45. The stock had a trading volume of 991,844 shares, compared to its average volume of 338,773. Axon Enterprise has a 1 year low of $35.95 and a 1 year high of $76.45. The company has a market capitalization of $3.20 billion, a PE ratio of 108.90, a P/E/G ratio of 3.62 and a beta of 0.97.
Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). The company had revenue of $114.79 million for the quarter, compared to analysts’ expectations of $104.03 million. Axon Enterprise had a return on equity of 10.74% and a net margin of 6.26%. Axon Enterprise’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. Sell-side analysts expect that Axon Enterprise will post 0.57 EPS for the current fiscal year.
In related news, Director Mark W. Kroll sold 3,100 shares of Axon Enterprise stock in a transaction on Sunday, December 16th. The stock was sold at an average price of $22.85, for a total value of $70,835.00. Following the transaction, the director now owns 55,135 shares in the company, valued at $1,259,834.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick W. Smith sold 107,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $42.27, for a total value of $4,522,890.00. Following the completion of the transaction, the chief executive officer now directly owns 632,520 shares in the company, valued at $26,736,620.40. The disclosure for this sale can be found here. Insiders have sold 113,100 shares of company stock worth $4,773,725 in the last 90 days. Insiders own 2.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. O Brien Greene & Co. Inc purchased a new stake in shares of Axon Enterprise during the fourth quarter worth about $569,000. Amalgamated Bank increased its position in shares of Axon Enterprise by 131.1% during the fourth quarter. Amalgamated Bank now owns 9,044 shares of the industrial products company’s stock worth $396,000 after acquiring an additional 5,131 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter worth about $4,807,000. grace capital increased its position in shares of Axon Enterprise by 21.1% during the fourth quarter. grace capital now owns 11,500 shares of the industrial products company’s stock worth $503,000 after acquiring an additional 2,000 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its stake in Axon Enterprise by 12.4% in the fourth quarter. First Allied Advisory Services Inc. now owns 7,701 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 850 shares in the last quarter. 82.86% of the stock is currently owned by institutional investors.
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.
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