Axon Enterprise, Inc. (NASDAQ:AXON) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Axon Enterprise, Inc. (NASDAQ:AXON) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $244.73.

AXON has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Axon Enterprise in a research report on Tuesday, August 22nd. They issued an “equal weight” rating and a $230.00 target price for the company. Barclays reduced their price target on Axon Enterprise from $256.00 to $239.00 and set an “overweight” rating for the company in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 price target on shares of Axon Enterprise in a research report on Wednesday, August 9th. StockNews.com started coverage on Axon Enterprise in a research report on Wednesday, August 23rd. They issued a “hold” rating for the company. Finally, TheStreet cut Axon Enterprise from a “b-” rating to a “c+” rating in a research report on Friday, May 26th.

Insiders Place Their Bets

In other news, Director Hadi Partovi purchased 25,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was purchased at an average price of $191.10 per share, with a total value of $4,777,500.00. Following the completion of the purchase, the director now directly owns 413,817 shares in the company, valued at approximately $79,080,428.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Joshua Isner sold 1,482 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $196.88, for a total value of $291,776.16. Following the completion of the sale, the chief operating officer now owns 319,803 shares of the company’s stock, valued at approximately $62,962,814.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Hadi Partovi bought 25,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of $191.10 per share, with a total value of $4,777,500.00. Following the purchase, the director now owns 413,817 shares in the company, valued at approximately $79,080,428.70. The disclosure for this purchase can be found here. Insiders sold a total of 51,780 shares of company stock valued at $10,015,784 over the last 90 days. Insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Axon Enterprise

A number of hedge funds and other institutional investors have recently modified their holdings of AXON. ICA Group Wealth Management LLC purchased a new position in Axon Enterprise during the 4th quarter valued at about $25,000. Hollencrest Capital Management purchased a new position in Axon Enterprise during the 1st quarter valued at about $29,000. Jones Financial Companies Lllp purchased a new position in Axon Enterprise during the 2nd quarter valued at about $30,000. Spire Wealth Management purchased a new position in Axon Enterprise during the 1st quarter valued at about $31,000. Finally, First Capital Advisors Group LLC. purchased a new position in Axon Enterprise during the 2nd quarter valued at about $33,000. Institutional investors own 76.52% of the company’s stock.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $211.93 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.38 and a quick ratio of 2.98. The business has a fifty day simple moving average of $196.08 and a two-hundred day simple moving average of $203.35. Axon Enterprise has a 1 year low of $109.31 and a 1 year high of $229.95. The company has a market capitalization of $15.84 billion, a P/E ratio of 158.16 and a beta of 0.87.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Tuesday, August 8th. The biotechnology company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.47. Axon Enterprise had a return on equity of 10.88% and a net margin of 7.24%. The business had revenue of $374.61 million during the quarter, compared to the consensus estimate of $347.53 million. On average, analysts expect that Axon Enterprise will post 1.96 earnings per share for the current year.

About Axon Enterprise

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, Software and Sensors, and TASER. 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.