Axon Enterprise Inc (NASDAQ:AAXN) has been given an average recommendation of “Buy” by the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $67.88.

Several equities analysts recently issued reports on AAXN shares. BidaskClub raised Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Zacks Investment Research lowered Axon Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Robert W. Baird raised Axon Enterprise from a “neutral” rating to an “outperform” rating in a research note on Friday, November 9th. Dougherty & Co lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Monday, August 6th. Finally, Raymond James started coverage on Axon Enterprise in a research note on Friday, September 14th. They set an “outperform” rating and a $79.00 target price on the stock.

In other Axon Enterprise news, insider Douglas E. Klint sold 25,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $7,285,088.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jawad A. Ahsan purchased 2,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were bought at an average price of $49.73 per share, for a total transaction of $99,460.00. Following the acquisition, the chief financial officer now owns 71,156 shares in the company, valued at $3,538,587.88. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 38,197 shares of company stock worth $2,471,656. 3.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its holdings in shares of Axon Enterprise by 1,515.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,615 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 1,515 shares during the last quarter. BerganKDV Wealth Management LLC purchased a new position in shares of Axon Enterprise in the 2nd quarter valued at about $126,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Axon Enterprise in the 2nd quarter valued at about $147,000. First Mercantile Trust Co. increased its holdings in shares of Axon Enterprise by 100.0% in the 3rd quarter. First Mercantile Trust Co. now owns 2,400 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of Axon Enterprise in the 2nd quarter valued at about $175,000. Institutional investors and hedge funds own 82.02% of the company’s stock.

AAXN opened at $50.29 on Friday. Axon Enterprise has a 12-month low of $20.81 and a 12-month high of $76.45. The stock has a market cap of $2.92 billion, a P/E ratio of 186.26, a PEG ratio of 3.83 and a beta of 1.00.

Axon Enterprise (NASDAQ:AAXN) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Axon Enterprise had a return on equity of 10.74% and a net margin of 6.26%. The firm had revenue of $104.84 million for the quarter, compared to analyst estimates of $103.06 million. During the same quarter in the prior year, the company earned $0.01 EPS. Axon Enterprise’s revenue was up 16.1% on a year-over-year basis. Analysts forecast that Axon Enterprise will post 0.52 earnings per share for the current year.

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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