Several other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Axon Enterprise from a sell rating to a hold rating in a report on Tuesday, January 14th. Raymond James lowered shares of Axon Enterprise from a strong-buy rating to a market perform rating in a research report on Wednesday, November 27th. JMP Securities began coverage on shares of Axon Enterprise in a research report on Tuesday, December 10th. They set an outperform rating and a $89.00 price target on the stock. Robert W. Baird lifted their price target on shares of Axon Enterprise from $75.00 to $80.00 and gave the company an outperform rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Axon Enterprise from $78.00 to $92.00 and gave the company an overweight rating in a research report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Axon Enterprise currently has a consensus rating of Buy and an average target price of $80.22.
AAXN stock opened at $66.11 on Friday. Axon Enterprise has a 12-month low of $46.50 and a 12-month high of $90.10. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 6,611.00, a PEG ratio of 22.34 and a beta of 0.85. The business’s 50-day moving average is $80.83 and its 200 day moving average is $68.34.
Axon Enterprise (NASDAQ:AAXN) last posted its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Axon Enterprise had a return on equity of 0.21% and a net margin of 0.17%. The company had revenue of $171.85 million for the quarter, compared to analysts’ expectations of $146.31 million. During the same period in the previous year, the firm posted $0.08 EPS. Axon Enterprise’s revenue was up 49.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Axon Enterprise will post 0.22 earnings per share for the current fiscal year.
In other Axon Enterprise news, CEO Patrick W. Smith sold 4,227 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $71.68, for a total value of $302,991.36. Following the sale, the chief executive officer now owns 680,267 shares of the company’s stock, valued at $48,761,538.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Luke Larson sold 10,211 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $71.68, for a total value of $731,924.48. Following the completion of the sale, the president now directly owns 46,151 shares in the company, valued at approximately $3,308,103.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,542 shares of company stock worth $11,657,933. Corporate insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Quarterback LLC purchased a new stake in Axon Enterprise in the fourth quarter valued at approximately $26,000. Bartlett & Co. LLC purchased a new stake in Axon Enterprise in the third quarter valued at approximately $27,000. Clear Harbor Asset Management LLC purchased a new stake in Axon Enterprise in the fourth quarter valued at approximately $27,000. Citizens Financial Group Inc RI purchased a new stake in Axon Enterprise in the fourth quarter valued at approximately $28,000. Finally, Nisa Investment Advisors LLC raised its position in Axon Enterprise by 56.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 500 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 180 shares during the period. 90.86% of the stock is currently owned by institutional investors.
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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