Shares of Axon Enterprise, Inc. (NASDAQ:AXON – Get Rating) have earned an average recommendation of "Buy" from the eleven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $169.00.
AXON has been the topic of a number of recent analyst reports. Northland Securities cut their price target on shares of Axon Enterprise from $180.00 to $130.00 in a report on Thursday, May 12th. Credit Suisse Group cut their target price on Axon Enterprise from $169.00 to $134.00 in a research note on Thursday. Robert W. Baird decreased their price target on Axon Enterprise from $145.00 to $125.00 in a research note on Wednesday, May 11th. StockNews.com raised Axon Enterprise from a "hold" rating to a "buy" rating in a research report on Saturday, June 18th. Finally, Morgan Stanley downgraded Axon Enterprise from an "overweight" rating to an "equal weight" rating and set a $120.00 price objective for the company. in a report on Monday, May 23rd.
Get Axon Enterprise alerts:Insider Activity at Axon Enterprise
In other news, Director Mark W. Kroll sold 3,159 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $102.82, for a total value of $324,808.38. Following the transaction, the director now owns 13,691 shares in the company, valued at approximately $1,407,708.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.90% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Washington Harbour Partners LP bought a new stake in Axon Enterprise during the 4th quarter worth approximately $2,098,000. Teacher Retirement System of Texas raised its position in shares of Axon Enterprise by 17.8% during the 4th quarter. Teacher Retirement System of Texas now owns 12,531 shares of the biotechnology company's stock valued at $1,967,000 after purchasing an additional 1,890 shares during the period. Psagot Value Holdings Ltd. Israel purchased a new position in shares of Axon Enterprise during the 4th quarter valued at $63,000. Capital Fund Management S.A. increased its stake in Axon Enterprise by 25.1% in the 4th quarter. Capital Fund Management S.A. now owns 31,976 shares of the biotechnology company's stock worth $5,020,000 after buying an additional 6,415 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new stake in Axon Enterprise during the fourth quarter valued at about $5,443,000. Hedge funds and other institutional investors own 72.06% of the company's stock.Axon Enterprise Trading Up 3.7 %
Axon Enterprise stock opened at $94.65 on Friday. Axon Enterprise has a 12 month low of $82.49 and a 12 month high of $209.00. The company has a current ratio of 2.43, a quick ratio of 2.18 and a debt-to-equity ratio of 0.02. The business's fifty day simple moving average is $94.58 and its two-hundred day simple moving average is $116.12. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 182.02 and a beta of 0.61.
Axon Enterprise (NASDAQ:AXON – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The biotechnology company reported $0.76 earnings per share (EPS) for the quarter. The company had revenue of $256.43 million for the quarter, compared to analysts' expectations of $233.57 million. Axon Enterprise had a net margin of 4.62% and a return on equity of 3.90%. Axon Enterprise's revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.75) EPS. As a group, equities analysts predict that Axon Enterprise will post 1.35 earnings per share for the current fiscal year.
Axon Enterprise Company Profile
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Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, TASER, and Software and Sensors. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.
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