Please assign a menu to the primary menu location under menu

Enterprise

Axon Enterprise, Inc. (NASDAQ:AXON) Given Average Rating of “Buy” by Brokerages



Axon Enterprise, Inc. (NASDAQ:AXONGet Rating) has been given an average recommendation of “Buy” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $172.89.

Several equities research analysts have recently issued reports on AXON shares. Robert W. Baird reduced their target price on Axon Enterprise from $145.00 to $125.00 in a report on Wednesday, May 11th. Credit Suisse Group started coverage on Axon Enterprise in a report on Monday, May 9th. They issued an “outperform” rating and a $169.00 target price on the stock. Needham & Company LLC reduced their target price on Axon Enterprise from $250.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Zacks Investment Research cut Axon Enterprise from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 19th. Finally, Morgan Stanley cut Axon Enterprise from an “overweight” rating to an “equal weight” rating and set a $120.00 price objective on the stock. in a research note on Monday.

NASDAQ:AXON opened at $95.54 on Thursday. The company has a quick ratio of 2.18, a current ratio of 2.43 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $117.60 and its two-hundred day simple moving average is $137.29. The stock has a market cap of $6.78 billion, a PE ratio of 183.73 and a beta of 0.55. Axon Enterprise has a 52 week low of $82.49 and a 52 week high of $209.00.

Axon Enterprise (NASDAQ:AXONGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The biotechnology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.16. Axon Enterprise had a return on equity of 3.90% and a net margin of 4.62%. The business had revenue of $256.43 million for the quarter, compared to analysts’ expectations of $233.57 million. During the same period last year, the firm earned ($0.75) earnings per share. The business’s quarterly revenue was up 31.5% on a year-over-year basis. Sell-side analysts anticipate that Axon Enterprise will post 1.35 earnings per share for the current fiscal year.

In other Axon Enterprise news, CFO Jawad A. Ahsan sold 4,840 shares of the business’s stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $141.17, for a total transaction of $683,262.80. Following the completion of the transaction, the chief financial officer now owns 360,019 shares in the company, valued at $50,823,882.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.90% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Prospera Financial Services Inc purchased a new stake in shares of Axon Enterprise in the first quarter valued at approximately $27,000. Retirement Planning Co of New England Inc. purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $31,000. Tyler Stone Wealth Management purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $32,000. Assetmark Inc. purchased a new stake in shares of Axon Enterprise in the third quarter valued at approximately $35,000. Finally, Sageworth Trust Co of South Dakota purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 72.06% of the company’s stock.

Axon Enterprise Company Profile (Get Rating)

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, TASER, and Software and Sensors. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

See Also

Analyst Recommendations for Axon Enterprise (NASDAQ:AXON)



Receive News & Ratings for Axon Enterprise Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Axon Enterprise and related companies with MarketBeat.com’s FREE daily email newsletter.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.