Axon Enterprise Inc (AAXN) Receives $68.22 Consensus Target Price from Analysts

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.

A number of institutional investors have recently bought and sold shares of AAXN. Norges Bank bought a new position in Axon Enterprise in the fourth quarter valued at about $23,529,000. Victory Capital Management Inc. boosted its holdings in Axon Enterprise by 116.2% in the fourth quarter. Victory Capital Management Inc. now owns 797,232 shares of the industrial products company’s stock valued at $34,879,000 after acquiring an additional 428,547 shares during the last quarter. Baillie Gifford & Co. bought a new position in Axon Enterprise in the fourth quarter valued at about $16,653,000. Villere ST Denis J & Co. LLC boosted its holdings in Axon Enterprise by 25.7% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,395,144 shares of the industrial products company’s stock valued at $61,037,000 after acquiring an additional 284,945 shares during the last quarter. Finally, Ranger Investment Management L.P. bought a new position in Axon Enterprise in the fourth quarter valued at about $11,587,000. Institutional investors and hedge funds own 80.08% of the company’s stock.

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.

Read More: What are the Benefits of Index Funds?

Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.