BidaskClub upgraded shares of Axon Enterprise (NASDAQ:AAXN) from a buy rating to a strong-buy rating in a research note released on Wednesday.

AAXN has been the subject of a number of other reports. Zacks Investment Research lowered shares of Axon Enterprise from a hold rating to a sell rating in a research note on Wednesday, November 15th. Dougherty & Co reduced their price objective on shares of Axon Enterprise from $36.00 to $33.00 and set a buy rating for the company in a research note on Wednesday, November 8th. Oppenheimer restated a hold rating on shares of Axon Enterprise in a research note on Friday, November 17th. JPMorgan Chase & Co. raised their price objective on shares of Axon Enterprise from $28.00 to $32.00 and gave the company an overweight rating in a research note on Thursday, December 21st. Finally, ValuEngine upgraded shares of Axon Enterprise from a sell rating to a hold rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $29.20.

Shares of Axon Enterprise (NASDAQ:AAXN) opened at $26.50 on Wednesday. The firm has a market cap of $1,411.71, a PE ratio of 101.93, a price-to-earnings-growth ratio of 7.36 and a beta of 1.19. Axon Enterprise has a 12 month low of $20.57 and a 12 month high of $28.17.

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

Several hedge funds have recently made changes to their positions in AAXN. PNC Financial Services Group Inc. bought a new stake in shares of Axon Enterprise in the second quarter worth approximately $102,000. Parallel Advisors LLC grew 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 worth $103,000 after acquiring an additional 500 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Axon Enterprise in the second quarter worth approximately $113,000. SG Americas Securities LLC purchased a new position in shares of Axon Enterprise in the second quarter worth approximately $118,000. Finally, FNY Partners Fund LP boosted its holdings 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 worth $125,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.

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Axon Enterprise Company Profile

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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