Axon Enterprise (NASDAQ:AAXN) had its price target boosted by Northcoast Research from $104.00 to $112.00 in a research note issued to investors on Thursday morning, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. Craig Hallum reiterated a hold rating and issued a $94.00 target price on shares of Axon Enterprise in a research report on Friday, August 7th. Zacks Investment Research downgraded shares of Axon Enterprise from a hold rating to a sell rating in a report on Tuesday, July 14th. Morgan Stanley raised their price target on shares of Axon Enterprise from $87.00 to $95.00 and gave the company an equal weight rating in a report on Friday, August 7th. BidaskClub upgraded shares of Axon Enterprise from a hold rating to a buy rating in a report on Friday, October 2nd. Finally, Needham & Company LLC restated a buy rating on shares of Axon Enterprise in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $100.67.

AAXN stock opened at $109.16 on Thursday. Axon Enterprise has a 12-month low of $49.80 and a 12-month high of $109.74. The company has a market cap of $6.93 billion, a price-to-earnings ratio of -198.47 and a beta of 0.55. The company has a 50 day moving average of $88.46 and a two-hundred day moving average of $84.57.

Axon Enterprise (NASDAQ:AAXN) last released its earnings results on Thursday, August 6th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). Axon Enterprise had a negative return on equity of 5.32% and a negative net margin of 5.58%. The company had revenue of $141.26 million during the quarter, compared to analysts’ expectations of $133.36 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. As a group, analysts expect that Axon Enterprise will post -0.64 EPS for the current fiscal year.

In other news, Director Julie A. Cullivan sold 840 shares of Axon Enterprise stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $93.13, for a total transaction of $78,229.20. Following the sale, the director now directly owns 8,421 shares in the company, valued at approximately $784,247.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick W. Smith sold 98,000 shares of Axon Enterprise stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $98.20, for a total transaction of $9,623,600.00. Following the sale, the chief executive officer now owns 567,555 shares in the company, valued at $55,733,901. The disclosure for this sale can be found here. Insiders sold a total of 118,684 shares of company stock worth $11,506,209 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Toth Financial Advisory Corp acquired a new stake in shares of Axon Enterprise during the 2nd quarter valued at about $34,000. Truewealth LLC lifted its holdings in Axon Enterprise by 42.5% during the 2nd quarter. Truewealth LLC now owns 392 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 117 shares during the last quarter. First Horizon Advisors Inc. bought a new position in Axon Enterprise during the 2nd quarter valued at about $47,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Axon Enterprise during the 2nd quarter valued at about $49,000. Finally, First Mercantile Trust Co. bought a new position in Axon Enterprise during the 2nd quarter valued at about $107,000. Institutional investors and hedge funds own 83.12% 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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The Fly

Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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