Axon Enterprise (NASDAQ:AAXN) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.
A number of other research firms have also commented on AAXN. Imperial Capital raised Axon Enterprise from an “in-line” rating to an “outperform” rating and increased their price target for the company from $50.00 to $62.00 in a research report on Wednesday, August 8th. Zacks Investment Research lowered Axon Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. TheStreet lowered Axon Enterprise from a “b-” rating to a “c” rating in a research report on Thursday, August 9th. Dougherty & Co lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. lowered Axon Enterprise from an “overweight” rating to a “neutral” rating and set a $66.00 price target for the company. in a research report on Thursday, June 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $61.00.
NASDAQ AAXN opened at $70.29 on Friday. The firm has a market capitalization of $3.98 billion, a P/E ratio of 260.33, a P/E/G ratio of 5.28 and a beta of 1.10. Axon Enterprise has a 12 month low of $20.57 and a 12 month high of $76.45.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The business had revenue of $99.23 million during the quarter, compared to analyst estimates of $95.74 million. Axon Enterprise had a return on equity of 11.80% and a net margin of 5.35%. equities analysts anticipate that Axon Enterprise will post 0.52 earnings per share for the current fiscal year.
In other news, insider Douglas E. Klint sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $69.82, for a total transaction of $1,745,500.00. Following the completion of the sale, the insider now directly owns 104,341 shares of the company’s stock, valued at approximately $7,285,088.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark W. Kroll sold 3,100 shares of the firm’s stock in a transaction on Sunday, December 16th. The shares were sold at an average price of $22.85, for a total value of $70,835.00. Following the sale, the director now directly owns 55,135 shares of the company’s stock, valued at $1,259,834.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,297 shares of company stock valued at $2,493,815. Insiders own 3.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BerganKDV Wealth Management LLC bought a new position in shares of Axon Enterprise during the 2nd quarter worth $126,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Axon Enterprise during the 2nd quarter worth $147,000. Advisors Preferred LLC bought a new position in shares of Axon Enterprise during the 2nd quarter worth $175,000. Brighton Jones LLC bought a new position in shares of Axon Enterprise during the 2nd quarter worth $202,000. Finally, Chicago Equity Partners LLC bought a new position in shares of Axon Enterprise during the 2nd quarter worth $224,000. 82.24% of the stock is owned by hedge funds and other 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.
Featured Story: Diversification Important in Investing
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.