Axon Enterprise Inc (NASDAQ:AAXN) has been given a consensus rating of “Buy” by the seventeen brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $68.22.
Several research firms have issued reports on AAXN. Raymond James upgraded Axon Enterprise from an “outperform” rating to a “strong-buy” rating in a research note on Monday, April 8th. Northland Securities reiterated a “buy” rating and set a $70.00 price objective on shares of Axon Enterprise in a research note on Wednesday, February 27th. Dougherty & Co upgraded Axon Enterprise from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Friday, April 5th. BidaskClub upgraded Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Finally, Zacks Investment Research lowered Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.
In related news, Director Michael Garnreiter sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the transaction, the director now owns 33,261 shares in the company, valued at $1,995,660. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Luke Larson sold 36,295 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $51.59, for a total value of $1,872,459.05. Following the completion of the transaction, the president now owns 103,110 shares in the company, valued at approximately $5,319,444.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,057 shares of company stock valued at $6,131,430. 2.40% of the stock is currently owned by corporate insiders.
Axon Enterprise stock traded down $1.29 during mid-day trading on Wednesday, hitting $60.58. 10,561 shares of the company were exchanged, compared to its average volume of 612,356. Axon Enterprise has a 1-year low of $39.43 and a 1-year high of $76.45. The firm has a market capitalization of $3.60 billion, a P/E ratio of 121.18, a P/E/G ratio of 4.51 and a beta of 0.89.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings data on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Axon Enterprise had a return on equity of 7.43% and a net margin of 6.95%. The company had revenue of $114.79 million for the quarter, compared to analyst estimates of $104.03 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The business’s revenue was up 21.3% compared to the same quarter last year. On average, sell-side analysts forecast that Axon Enterprise will post 0.54 EPS for the current fiscal year.
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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