Axon Enterprise Inc (NASDAQ:AAXN) had its price objective hoisted by analysts at Craig Hallum from $29.00 to $30.00 in a research note issued on Wednesday, May 10th. The firm currently has a “buy” rating on the industrial products company’s stock. Craig Hallum’s price target suggests a potential upside of 21.95% from the stock’s current price.
Other analysts have also recently issued reports about the company. Imperial Capital reiterated an “in-line” rating and issued a $25.00 target price on shares of Axon Enterprise in a report on Thursday, April 6th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Axon Enterprise in a research note on Wednesday, February 22nd. Zacks Investment Research lowered Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, March 4th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Axon Enterprise in a research report on Thursday, March 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Axon Enterprise presently has a consensus rating of “Buy” and a consensus price target of $28.43.
Axon Enterprise (NASDAQ:AAXN) traded up 1.95% during mid-day trading on Wednesday, hitting $24.60. 543,075 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $23.97 and a 200 day moving average of $24.72. The stock has a market capitalization of $1.30 billion, a P/E ratio of 70.09 and a beta of 0.50. Axon Enterprise has a 52 week low of $21.18 and a 52 week high of $30.15.
Axon Enterprise (NASDAQ:AAXN) last announced its earnings results on Tuesday, May 9th. The industrial products company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Axon Enterprise had a return on equity of 10.96% and a net margin of 6.63%. The business had revenue of $79.20 million for the quarter, compared to analysts’ expectations of $69.69 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue was up 42.7% on a year-over-year basis. Equities analysts forecast that Axon Enterprise will post $0.26 earnings per share for the current fiscal year.
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In related news, CFO Daniel Marc Behrendt sold 19,751 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $23.01, for a total transaction of $454,470.51. Following the transaction, the chief financial officer now directly owns 30,762 shares in the company, valued at approximately $707,833.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joshua Isner sold 1,423 shares of Axon Enterprise stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $22.66, for a total value of $32,245.18. Following the completion of the sale, the executive vice president now owns 42,657 shares in the company, valued at $966,607.62. The disclosure for this sale can be found here. Insiders have sold a total of 46,835 shares of company stock worth $1,063,222 in the last three months. 3.70% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of AAXN. Granahan Investment Management Inc. MA acquired a new stake in shares of Axon Enterprise during the first quarter worth $9,850,000. New York State Teachers Retirement System acquired a new stake in shares of Axon Enterprise during the first quarter worth $1,289,000. Geode Capital Management LLC acquired a new stake in shares of Axon Enterprise during the first quarter worth $9,803,000. Marshall Wace LLP acquired a new stake in shares of Axon Enterprise during the first quarter worth $3,201,000. Finally, Columbia Wanger Asset Management LLC acquired a new stake in shares of Axon Enterprise during the first quarter worth $14,841,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.
Axon Enterprise Company Profile
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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