Axon Enterprise Inc (AAXN) Given Average Recommendation of “Hold” by Analysts

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Axon Enterprise Inc (NASDAQ:AAXN) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $67.78.

AAXN has been the subject of several recent analyst reports. LADENBURG THALM/SH SH restated a “buy” rating and issued a $77.00 target price on shares of Axon Enterprise in a research report on Wednesday, August 8th. Robert W. Baird restated a “hold” rating and issued a $69.00 target price on shares of Axon Enterprise in a research report on Wednesday, August 8th. Craig Hallum cut shares of Axon Enterprise from a “buy” rating to a “hold” rating and upped their target price for the stock from $55.00 to $62.00 in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Imperial Capital upgraded shares of Axon Enterprise from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $62.00 in a research report on Wednesday, August 8th. Finally, TheStreet cut shares of Axon Enterprise from a “b-” rating to a “c” rating in a research report on Thursday, August 9th.

In other news, Director Mark W. Kroll sold 7,097 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $64.34, for a total value of $456,620.98. Following the completion of the sale, the director now directly owns 24,105 shares of the company’s stock, valued at approximately $1,550,915.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas E. Klint sold 25,000 shares of the company’s stock in a transaction that occurred 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 $7,285,088.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,297 shares of company stock valued at $2,562,425. Company insiders own 3.50% of the company’s stock.

Several large investors have recently modified their holdings of the company. BerganKDV Wealth Management LLC acquired a new stake in Axon Enterprise during the second quarter valued at approximately $126,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Axon Enterprise during the second quarter valued at approximately $147,000. Advisors Preferred LLC acquired a new stake in Axon Enterprise during the second quarter valued at approximately $175,000. Brighton Jones LLC acquired a new stake in Axon Enterprise during the second quarter valued at approximately $202,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Axon Enterprise during the first quarter valued at approximately $216,000. 82.23% of the stock is owned by institutional investors.

Shares of NASDAQ:AAXN traded down $0.07 during trading on Wednesday, reaching $61.17. 13,855 shares of the company’s stock traded hands, compared to its average volume of 943,943. Axon Enterprise has a 12 month low of $20.57 and a 12 month high of $76.45. The company has a market cap of $3.99 billion, a PE ratio of 226.78, a P/E/G ratio of 5.34 and a beta of 1.01.

Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Axon Enterprise had a net margin of 5.35% and a return on equity of 11.80%. The business had revenue of $99.23 million during the quarter, compared to the consensus estimate of $95.74 million. As a group, analysts expect that Axon Enterprise will post 0.51 earnings per share for the current fiscal year.

About Axon Enterprise

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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Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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