Axon Enterprise (AAXN) Rating Increased to B- at TheStreet

Axon Enterprise (NASDAQ:AAXN) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Monday, TheStreetRatingsTable reports.

A number of other analysts also recently issued reports on the company. Raymond James raised Axon Enterprise from an “outperform” rating to a “strong-buy” rating in a research report on Monday, April 8th. Dougherty & Co raised Axon Enterprise from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Friday, April 5th. BidaskClub raised Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Northcoast Research raised Axon Enterprise from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Tuesday, March 19th. Finally, Zacks Investment Research downgraded Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Axon Enterprise presently has a consensus rating of “Buy” and an average target price of $68.25.

Shares of NASDAQ:AAXN opened at $61.55 on Monday. The stock has a market cap of $3.59 billion, a P/E ratio of 123.10, a price-to-earnings-growth ratio of 4.50 and a beta of 0.89. Axon Enterprise has a 12-month low of $39.43 and a 12-month high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $114.79 million for the quarter, compared to analyst estimates of $104.03 million. Axon Enterprise had a return on equity of 7.43% and a net margin of 6.95%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share. Analysts predict that Axon Enterprise will post 0.54 earnings per share for the current fiscal year.

In related news, Director Michael Garnreiter sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $60.00, for a total transaction of $180,000.00. Following the completion of the transaction, the director now directly owns 33,261 shares in the company, valued at approximately $1,995,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard H. Carmona sold 23,810 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.76, for a total value of $1,137,165.60. Following the transaction, the director now owns 94,457 shares of the company’s stock, valued at $4,511,266.32. The disclosure for this sale can be found here. Insiders have sold a total of 119,057 shares of company stock valued at $6,131,430 over the last 90 days. 2.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co boosted its holdings in Axon Enterprise by 3.4% during the 4th quarter. CENTRAL TRUST Co now owns 6,708 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 222 shares during the period. Greenwich Wealth Management LLC boosted its holdings in Axon Enterprise by 0.5% during the 4th quarter. Greenwich Wealth Management LLC now owns 56,537 shares of the industrial products company’s stock valued at $2,473,000 after acquiring an additional 280 shares during the period. State of Alaska Department of Revenue boosted its holdings in Axon Enterprise by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 19,825 shares of the industrial products company’s stock valued at $1,078,000 after acquiring an additional 280 shares during the period. Juncture Wealth Strategies LLC boosted its holdings in Axon Enterprise by 3.2% during the 1st quarter. Juncture Wealth Strategies LLC now owns 11,136 shares of the industrial products company’s stock valued at $606,000 after acquiring an additional 343 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Axon Enterprise by 8.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,265 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 350 shares during the period. Institutional investors own 79.76% of the company’s stock.

Axon Enterprise Company Profile

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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Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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