Shares of Axon Enterprise Inc (NASDAQ:AAXN) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $67.78.

AAXN has been the subject of a number of research reports. Zacks Investment Research cut shares of Axon Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th. Robert W. Baird started coverage on shares of 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 started coverage on shares of Axon Enterprise in a report on Monday, July 2nd. They set an “overweight” rating and a $75.00 price target for the company. Needham & Company LLC started coverage on shares of Axon Enterprise in a report on Friday, July 20th. They set a “buy” rating and a $80.00 price target for the company. Finally, BidaskClub cut shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st.

Shares of NASDAQ:AAXN opened at $58.52 on Wednesday. Axon Enterprise has a one year low of $20.57 and a one year high of $76.45. The stock has a market capitalization of $3.40 billion, a PE ratio of 216.74, a price-to-earnings-growth ratio of 4.54 and a beta of 1.01.

Axon Enterprise (NASDAQ:AAXN) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $95.74 million. As a group, sell-side analysts anticipate that Axon Enterprise will post 0.51 EPS for the current fiscal year.

In other news, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $68.00, for a total value of $68,000.00. Following the sale, the director now directly owns 38,261 shares in the company, valued at $2,601,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark W. Kroll sold 3,100 shares of the 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 $1,259,834.75. The disclosure for this sale can be found here. Insiders have sold 37,197 shares of company stock worth $2,409,566 over the last 90 days. 3.90% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC purchased a new position in shares of Axon Enterprise during the second quarter valued at approximately $126,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Axon Enterprise during the second quarter valued at approximately $147,000. Advisors Preferred LLC purchased a new position in shares of Axon Enterprise during the second quarter valued at approximately $175,000. California Capital Advisors Inc. purchased a new position in shares of Axon Enterprise during the third quarter valued at approximately $211,000. Finally, Brighton Jones LLC purchased a new position in shares of Axon Enterprise during the second quarter valued at approximately $202,000. Institutional investors and hedge funds 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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