BidaskClub upgraded shares of Axon Enterprise (NASDAQ:AAXN) from a buy rating to a strong-buy rating in a report released on Friday morning.

Several other equities research analysts have also issued reports on AAXN. Zacks Investment Research lowered Axon Enterprise from a strong-buy rating to a hold rating in a report on Wednesday, June 27th. Robert W. Baird assumed coverage on Axon Enterprise in a report on Friday, June 29th. They set a neutral rating and a $68.00 price target for the company. Morgan Stanley assumed coverage on Axon Enterprise in a report on Monday, July 2nd. They issued an overweight rating and a $75.00 target price for the company. Craig Hallum lowered Axon Enterprise from a buy rating to a hold rating and boosted their target price for the stock from $55.00 to $62.00 in a report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, LADENBURG THALM/SH SH restated a buy rating and issued a $77.00 target price on shares of Axon Enterprise in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Axon Enterprise has an average rating of Buy and a consensus target price of $61.00.

Shares of Axon Enterprise stock traded up $0.17 during trading on Friday, hitting $70.46. 528,040 shares of the stock traded hands, compared to its average volume of 490,269. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 260.96, a P/E/G ratio of 5.44 and a beta of 1.10. Axon Enterprise has a twelve month low of $20.57 and a twelve month high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.11. The business had revenue of $99.23 million during the quarter, compared to analyst estimates of $95.74 million. Axon Enterprise had a return on equity of 11.80% and a net margin of 5.35%. equities research analysts predict that Axon Enterprise will post 0.52 EPS for the current year.

In related news, insider Douglas E. Klint sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $69.82, for a total value of $1,745,500.00. Following the completion of the sale, the insider now directly owns 104,341 shares in the company, valued at approximately $7,285,088.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julie A. Cullivan sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $72.79, for a total value of $152,859.00. Following the completion of the sale, the director now owns 6,779 shares of the company’s stock, valued at $493,443.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,297 shares of company stock valued at $2,493,815. Corporate insiders own 3.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mason Street Advisors LLC increased its position in shares of Axon Enterprise by 6.9% during the first quarter. Mason Street Advisors LLC now owns 14,712 shares of the industrial products company’s stock valued at $578,000 after purchasing an additional 950 shares during the period. Amalgamated Bank grew its position in Axon Enterprise by 13.9% in the second quarter. Amalgamated Bank now owns 8,566 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 1,043 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Axon Enterprise by 19.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,776 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 1,113 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Axon Enterprise by 5.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 21,180 shares of the industrial products company’s stock valued at $833,000 after acquiring an additional 1,180 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Axon Enterprise by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 25,081 shares of the industrial products company’s stock valued at $1,585,000 after acquiring an additional 1,274 shares during the period. 82.24% of the stock is currently owned by institutional investors.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.

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Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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