Axon Enterprise (NASDAQ:AAXN) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other research analysts have also recently weighed in on the company. ValuEngine raised Axon Enterprise from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, October 31st. Oppenheimer restated a “hold” rating on shares of Axon Enterprise in a research note on Friday, November 17th. Finally, Dougherty & Co lowered their target price on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.50.

Axon Enterprise (NASDAQ AAXN) opened at $25.60 on Tuesday. Axon Enterprise has a 1 year low of $20.57 and a 1 year high of $28.17. The firm has a market capitalization of $1,331.29, a price-to-earnings ratio of 104.83, a price-to-earnings-growth ratio of 6.94 and a beta of 1.19.

Axon Enterprise (NASDAQ:AAXN) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Axon Enterprise had a return on equity of 7.91% and a net margin of 4.32%. The business had revenue of $90.26 million during the quarter, compared to analysts’ expectations of $82.89 million. During the same period in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. analysts anticipate that Axon Enterprise will post 0.14 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of AAXN. PNC Financial Services Group Inc. bought a new stake in shares of Axon Enterprise in the second quarter valued at $102,000. Parallel Advisors LLC raised its stake in shares of Axon Enterprise by 13.5% in the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after buying an additional 500 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Axon Enterprise in the second quarter valued at $113,000. SG Americas Securities LLC bought a new stake in shares of Axon Enterprise in the second quarter valued at $118,000. Finally, FNY Partners Fund LP raised its stake in shares of Axon Enterprise by 25.0% in the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 95.76% of the company’s stock.

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About Axon Enterprise

Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.

Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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