Axon Enterprise (AAXN) Upgraded by TheStreet to B-

TheStreet upgraded shares of Axon Enterprise (NASDAQ:AAXN) from a c+ rating to a b- rating in a report issued on Monday, TheStreetRatingsTable reports.

A number of other equities analysts have also weighed in on the stock. ValuEngine raised shares of Axon Enterprise from a buy rating to a strong-buy rating in a research note on Monday, February 4th. Morgan Stanley reduced their target price on shares of Axon Enterprise from $75.00 to $65.00 and set an overweight rating for the company in a research note on Monday, January 7th. Northcoast Research raised shares of Axon Enterprise from a neutral rating to a buy rating and set a $63.00 target price for the company in a research note on Tuesday, March 19th. BidaskClub raised shares of Axon Enterprise from a buy rating to a strong-buy rating in a research report on Thursday, January 10th. Finally, Dougherty & Co raised shares of Axon Enterprise from a neutral rating to a buy rating and set a $67.00 price target on the stock in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $68.25.

Shares of NASDAQ AAXN opened at $61.55 on Monday. The firm has a market capitalization of $3.59 billion, a P/E ratio of 123.10, a P/E/G ratio of 4.50 and a beta of 0.89. Axon Enterprise has a 1-year low of $39.43 and a 1-year high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last announced its earnings results on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The company had revenue of $114.79 million during the quarter, compared to analyst estimates of $104.03 million. Axon Enterprise had a return on equity of 7.43% and a net margin of 6.95%. Axon Enterprise’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. Analysts predict that Axon Enterprise will post 0.54 earnings per share for the current year.

In other news, Director Richard H. Carmona sold 23,810 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.76, for a total value of $1,137,165.60. Following the sale, the director now directly owns 94,457 shares of the company’s stock, valued at approximately $4,511,266.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Joshua Isner sold 6,223 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $51.60, for a total transaction of $321,106.80. Following the completion of the sale, the executive now directly owns 42,625 shares in the company, valued at $2,199,450. The disclosure for this sale can be found here. Insiders have sold a total of 119,057 shares of company stock worth $6,131,430 over the last three months. Insiders own 2.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Axon Enterprise by 1.5% in the 4th quarter. BlackRock Inc. now owns 9,878,397 shares of the industrial products company’s stock valued at $432,180,000 after purchasing an additional 150,189 shares during the period. Vanguard Group Inc. raised its holdings in shares of Axon Enterprise by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,322,470 shares of the industrial products company’s stock valued at $432,647,000 after purchasing an additional 238,066 shares during the period. Vanguard Group Inc raised its holdings in shares of Axon Enterprise by 3.9% in the 3rd quarter. Vanguard Group Inc now owns 6,322,470 shares of the industrial products company’s stock valued at $432,647,000 after purchasing an additional 238,066 shares during the period. Villere ST Denis J & Co. LLC raised its holdings in shares of Axon Enterprise by 25.7% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 1,395,144 shares of the industrial products company’s stock valued at $61,037,000 after purchasing an additional 284,945 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Axon Enterprise by 116.2% in the 4th quarter. Victory Capital Management Inc. now owns 797,232 shares of the industrial products company’s stock valued at $34,879,000 after purchasing an additional 428,547 shares during the period. 79.76% of the stock is currently owned by institutional investors.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

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Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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