LADENBURG THALM/SH SH lowered shares of Axon Enterprise (NASDAQ:AAXN) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The brokerage currently has $77.00 price objective on the industrial products company’s stock.

A number of other research analysts have also weighed in on AAXN. BidaskClub raised shares of Axon Enterprise from a buy rating to a strong-buy rating in a research note on Friday, September 7th. Zacks Investment Research lowered shares of Axon Enterprise from a hold rating to a sell rating in a research note on Wednesday, July 25th. Dougherty & Co lowered shares of Axon Enterprise from a buy rating to a neutral rating in a research note on Monday, August 6th. Morgan Stanley initiated coverage on shares of Axon Enterprise in a research note on Monday, July 2nd. They issued an overweight rating and a $75.00 price target on the stock. Finally, Raymond James initiated coverage on shares of Axon Enterprise in a research note on Friday, September 14th. They issued an outperform rating and a $79.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $62.64.

AAXN stock opened at $58.26 on Monday. Axon Enterprise has a 52-week low of $20.57 and a 52-week high of $76.45. The stock has a market cap of $3.60 billion, a PE ratio of 116.32, a PEG ratio of 4.81 and a beta of 1.01.

Axon Enterprise (NASDAQ:AAXN) last posted its earnings results on Tuesday, August 7th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $99.23 million for the quarter, compared to analyst estimates of $95.74 million. As a group, research analysts predict that Axon Enterprise will post 0.51 earnings per share for the current year.

In other Axon Enterprise news, insider Douglas E. Klint sold 25,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were 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 owns 104,341 shares in the company, valued at approximately $7,285,088.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $68.61, for a total transaction of $68,610.00. Following the completion of the sale, the director now owns 37,261 shares of the company’s stock, valued at approximately $2,556,477.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,197 shares of company stock valued at $2,409,566. 3.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Axon Enterprise in the 3rd quarter valued at about $9,555,000. Nisa Investment Advisors LLC raised its holdings in Axon Enterprise by 9,725.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 31,440 shares of the industrial products company’s stock valued at $2,151,000 after acquiring an additional 31,120 shares during the last quarter. McQueen Ball & Associates Inc. acquired a new stake in Axon Enterprise in the 3rd quarter valued at about $273,000. Northern Trust Corp raised its holdings in Axon Enterprise by 4.2% in the 2nd quarter. Northern Trust Corp now owns 707,874 shares of the industrial products company’s stock valued at $44,722,000 after acquiring an additional 28,324 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Axon Enterprise by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 632,901 shares of the industrial products company’s stock valued at $39,988,000 after acquiring an additional 21,039 shares during the last quarter. Institutional investors own 81.59% of the company’s stock.

About Axon Enterprise

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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