CL King downgraded shares of Axon Enterprise (NASDAQ:AAXN) from a buy rating to a neutral rating in a report issued on Friday morning, Marketbeat.com reports. The analysts noted that the move was a valuation call.
Other equities research analysts have also issued research reports about the company. Sidoti lowered Axon Enterprise from a buy rating to a neutral rating and set a $40.00 target price on the stock. in a research report on Monday, March 5th. They noted that the move was a valuation call. BidaskClub lowered Axon Enterprise from a strong-buy rating to a buy rating in a research report on Thursday, January 11th. Ladenburg Thalmann Financial Services upgraded Axon Enterprise from a neutral rating to a buy rating and set a $35.00 target price on the stock in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their target price on Axon Enterprise from $28.00 to $32.00 and gave the company an overweight rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research upgraded Axon Enterprise from a strong sell rating to a hold rating in a research report on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Axon Enterprise presently has a consensus rating of Buy and an average price target of $36.14.
Shares of Axon Enterprise stock opened at $37.40 on Friday. Axon Enterprise has a 52 week low of $20.57 and a 52 week high of $40.49. The firm has a market capitalization of $2,013.71, a PE ratio of 374.00, a PEG ratio of 3.96 and a beta of 0.88.
Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.21. Axon Enterprise had a return on equity of 8.17% and a net margin of 1.59%. The business had revenue of $94.65 million for the quarter, compared to analyst estimates of $87.88 million. analysts forecast that Axon Enterprise will post 0.38 earnings per share for the current fiscal year.
In other Axon Enterprise news, CRO Joshua Isner sold 9,301 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $36.34, for a total value of $337,998.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Luke Larson sold 36,105 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $36.62, for a total value of $1,322,165.10. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in AAXN. Abdiel Capital Advisors LP lifted its holdings in Axon Enterprise by 106.9% in the fourth quarter. Abdiel Capital Advisors LP now owns 3,092,945 shares of the industrial products company’s stock valued at $81,963,000 after acquiring an additional 1,598,360 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in Axon Enterprise by 62.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,000,627 shares of the industrial products company’s stock valued at $26,517,000 after acquiring an additional 385,793 shares during the period. Ashford Capital Management Inc. lifted its holdings in Axon Enterprise by 149.7% in the fourth quarter. Ashford Capital Management Inc. now owns 549,993 shares of the industrial products company’s stock valued at $14,575,000 after acquiring an additional 329,760 shares during the period. BlackRock Inc. lifted its holdings in Axon Enterprise by 3.8% in the fourth quarter. BlackRock Inc. now owns 8,539,258 shares of the industrial products company’s stock valued at $226,289,000 after acquiring an additional 313,954 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in Axon Enterprise in the third quarter valued at approximately $6,655,000. 95.87% of the stock is owned by institutional investors.
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About Axon Enterprise
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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