Axon Enterprise (NASDAQ:AAXN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Axon Enterprise, Inc. engages in the development, manufacture and sale of conducted electrical weapons for the law enforcement, federal, military, corrections, private security and personal defense markets. Its operating segment consists of TASER Weapons and Axon segments. TASER Weapons segment involves in the sale of conducted electrical weapons, accessories and other products and services. Axon segment focuses on devices, wearables, applications, cloud and mobile products. Axon Enterprise Inc., formerly known as TASER International Inc., is headquartered in Scottsdale, AZ. “

Several other research analysts have also recently issued reports on the company. BidaskClub raised Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Oppenheimer reaffirmed a “hold” rating on shares of Axon Enterprise in a research report on Friday, November 17th. JPMorgan Chase & Co. upped their price objective on Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, December 21st. Finally, Dougherty & Co lowered their price objective on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Axon Enterprise (NASDAQ:AAXN) traded down $0.27 during trading hours on Wednesday, hitting $27.44. The stock had a trading volume of 479,300 shares, compared to its average volume of 472,258. The firm has a market cap of $1,450.00, a PE ratio of 109.76, a P/E/G ratio of 3.96 and a beta of 1.19. Axon Enterprise has a twelve month low of $20.57 and a twelve 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The business had revenue of $90.26 million for the quarter, compared to analyst estimates of $82.89 million. Axon Enterprise had a return on equity of 7.91% and a net margin of 4.32%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. research analysts expect that Axon Enterprise will post 0.14 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of AAXN. Schwab Charles Investment Management Inc. purchased a new stake in shares of Axon Enterprise in the 2nd quarter valued at about $5,623,000. First Trust Advisors LP purchased a new stake in shares of Axon Enterprise in the 2nd quarter valued at about $504,000. SG Americas Securities LLC purchased a new stake in shares of Axon Enterprise in the 2nd quarter valued at about $118,000. Bank of New York Mellon Corp purchased a new stake in shares of Axon Enterprise in the 2nd quarter valued at about $14,463,000. Finally, Legal & General Group Plc purchased a new stake in shares of Axon Enterprise in the 2nd quarter valued at about $2,502,000. 95.73% of the stock is owned by institutional investors and hedge funds.

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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.

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Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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