Axon Enterprise Inc (NASDAQ:AAXN) has received an average recommendation of “Buy” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $68.89.
A number of equities analysts recently weighed in on the stock. ValuEngine cut shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Monday. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, May 14th. BidaskClub cut shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th. TheStreet raised shares of Axon Enterprise from a “c+” rating to a “b-” rating in a research report on Monday, April 15th. Finally, Morgan Stanley increased their price objective on shares of Axon Enterprise from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th.
In other Axon Enterprise news, President Luke Larson sold 15,383 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $67.11, for a total value of $1,032,353.13. Following the completion of the transaction, the president now owns 56,774 shares of the company’s stock, valued at approximately $3,810,103.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hadi Partovi sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $66.16, for a total transaction of $4,631,200.00. Following the completion of the transaction, the director now directly owns 268,190 shares of the company’s stock, valued at approximately $17,743,450.40. The disclosure for this sale can be found here. Insiders have sold a total of 128,993 shares of company stock valued at $8,061,049 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Axon Enterprise by 1.5% in the 4th quarter. BlackRock Inc. now owns 9,878,397 shares of the industrial products company’s stock valued at $432,180,000 after purchasing an additional 150,189 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Axon Enterprise by 3.9% in the 3rd quarter. Vanguard Group Inc now owns 6,322,470 shares of the industrial products company’s stock valued at $432,647,000 after purchasing an additional 238,066 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Axon Enterprise by 13.1% in the 1st quarter. Janus Henderson Group PLC now owns 4,501,104 shares of the industrial products company’s stock valued at $244,905,000 after purchasing an additional 520,055 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Axon Enterprise by 25.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,002,232 shares of the industrial products company’s stock valued at $54,531,000 after purchasing an additional 205,000 shares in the last quarter. Finally, Conestoga Capital Advisors LLC acquired a new stake in shares of Axon Enterprise in the 1st quarter valued at $42,758,000. 80.16% of the stock is owned by institutional investors.
Shares of NASDAQ AAXN traded down $0.06 during midday trading on Thursday, reaching $67.40. 16,964 shares of the stock were exchanged, compared to its average volume of 740,524. The company has a market capitalization of $4.04 billion, a P/E ratio of 134.46, a P/E/G ratio of 4.76 and a beta of 0.89. Axon Enterprise has a twelve month low of $39.43 and a twelve month high of $76.45.
Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. The business had revenue of $115.81 million during the quarter, compared to the consensus estimate of $110.67 million. Axon Enterprise had a net margin of 5.22% and a return on equity of 4.93%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. As a group, equities research analysts forecast that Axon Enterprise will post 0.56 earnings per share for the current fiscal year.
About Axon Enterprise
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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