Raymond James initiated coverage on shares of Axon Enterprise (NASDAQ:AAXN) in a research note released on Friday, Marketbeat reports. The brokerage issued an outperform rating and a $79.00 target price on the industrial products company’s stock.

Several other equities research analysts have also recently weighed in on AAXN. Craig Hallum cut shares of Axon Enterprise from a buy rating to a hold rating and raised their price objective for the company from $55.00 to $62.00 in a research report on Wednesday, August 8th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $66.00 price objective on shares of Axon Enterprise and gave the company a buy rating in a research report on Monday, May 21st. BidaskClub cut shares of Axon Enterprise from a strong-buy rating to a buy rating in a research report on Tuesday, July 31st. Robert W. Baird initiated coverage on shares of Axon Enterprise in a research report on Friday, June 29th. They issued a neutral rating and a $68.00 price objective for the company. Finally, Zacks Investment Research cut shares of Axon Enterprise from a strong-buy rating to a hold rating in a research report on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $62.64.

Shares of AAXN stock opened at $68.67 on Friday. Axon Enterprise has a 12-month low of $20.57 and a 12-month high of $76.45. The stock has a market cap of $4.10 billion, a P/E ratio of 265.63, a PEG ratio of 5.45 and a beta of 1.10.

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 consensus estimate of $0.04 by $0.11. Axon Enterprise had a net margin of 5.35% and a return on equity of 11.80%. The firm had revenue of $99.23 million during the quarter, compared to the consensus estimate of $95.74 million. equities analysts predict that Axon Enterprise will post 0.52 earnings per share for the current fiscal year.

In other news, Director Mark W. Kroll sold 3,100 shares of Axon Enterprise stock in a transaction that occurred on Sunday, December 16th. The shares were sold at an average price of $22.85, for a total transaction of $70,835.00. Following the completion of the sale, the director now owns 55,135 shares in the company, valued at approximately $1,259,834.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas E. Klint sold 25,000 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $69.82, for a total transaction of $1,745,500.00. Following the sale, the insider now owns 104,341 shares of the company’s stock, valued at approximately $7,285,088.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,297 shares of company stock valued at $2,493,815. 3.90% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. BerganKDV Wealth Management LLC acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $126,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $147,000. Advisors Preferred LLC acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $175,000. Brighton Jones LLC acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $202,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Axon Enterprise during the 1st quarter worth approximately $216,000. Institutional investors own 82.24% of the company’s stock.

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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