Shares of Axon Enterprise Inc (NASDAQ:AAXN) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $82.33.

A number of research firms have issued reports on AAXN. Oppenheimer began coverage on Axon Enterprise in a research note on Tuesday, April 28th. They set a “hold” rating for the company. Robert W. Baird boosted their price target on Axon Enterprise from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. BidaskClub upgraded Axon Enterprise from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine cut Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, JMP Securities lifted their price objective on Axon Enterprise from $93.00 to $102.00 and gave the company a “market outperform” rating in a research report on Monday, May 11th.

Shares of NASDAQ:AAXN opened at $73.91 on Thursday. Axon Enterprise has a 1-year low of $49.80 and a 1-year high of $90.10. The business has a fifty day moving average price of $73.02 and a 200-day moving average price of $72.15. The company has a market capitalization of $5.08 billion, a PE ratio of -2,463.67 and a beta of 0.73.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.51. Axon Enterprise had a negative return on equity of 0.28% and a negative net margin of 0.26%. The firm had revenue of $147.16 million during the quarter, compared to the consensus estimate of $131.92 million. During the same period last year, the company earned $0.21 earnings per share. The company’s revenue was up 27.1% on a year-over-year basis. On average, analysts expect that Axon Enterprise will post -0.02 EPS for the current year.

In related news, President Luke Larson sold 17,416 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $84.21, for a total value of $1,466,601.36. Following the transaction, the president now directly owns 46,594 shares of the company’s stock, valued at approximately $3,923,680.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard H. Carmona sold 45,067 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $85.29, for a total value of $3,843,764.43. Following the completion of the transaction, the director now directly owns 38,662 shares in the company, valued at $3,297,481.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,174 shares of company stock worth $10,197,595. 2.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Quarterback LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $26,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $27,000. Citizens Financial Group Inc RI purchased a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $28,000. Nisa Investment Advisors LLC raised its holdings in shares of Axon Enterprise by 56.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 500 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 180 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Axon Enterprise by 64.7% during the 4th quarter. Advisory Services Network LLC now owns 542 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 213 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

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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