Axon Enterprise, Inc. (NASDAQ:AXON) Given Consensus Rating of “Moderate Buy” by Analysts

Axon Enterprise, Inc. (NASDAQ:AXON) has earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $312.64.

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Axon Enterprise from $297.00 to $339.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Argus assumed coverage on shares of Axon Enterprise in a report on Wednesday, March 13th. They set a “buy” rating and a $380.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Axon Enterprise from $330.00 to $365.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. TheStreet downgraded shares of Axon Enterprise from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Axon Enterprise in a report on Wednesday.

Hedge Funds Weigh In On Axon Enterprise

Several hedge funds and other institutional investors have recently modified their holdings of AXON. Norges Bank bought a new position in shares of Axon Enterprise during the fourth quarter valued at about $195,406,000. Sands Capital Management LLC raised its stake in shares of Axon Enterprise by 31.1% during the third quarter. Sands Capital Management LLC now owns 2,612,305 shares of the biotechnology company’s stock valued at $519,823,000 after acquiring an additional 619,179 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Axon Enterprise by 184.3% during the third quarter. Westfield Capital Management Co. LP now owns 696,193 shares of the biotechnology company’s stock valued at $138,535,000 after acquiring an additional 451,350 shares during the last quarter. Polar Capital Holdings Plc raised its stake in shares of Axon Enterprise by 292.0% during the third quarter. Polar Capital Holdings Plc now owns 265,464 shares of the biotechnology company’s stock valued at $52,825,000 after acquiring an additional 197,746 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Axon Enterprise by 28.3% during the third quarter. Bank of New York Mellon Corp now owns 726,400 shares of the biotechnology company’s stock valued at $144,546,000 after buying an additional 160,359 shares during the period. 79.08% of the stock is owned by institutional investors.

Axon Enterprise Stock Up 0.3 %

AXON opened at $302.41 on Thursday. The company has a fifty day moving average price of $302.15 and a 200-day moving average price of $260.29. The firm has a market capitalization of $22.82 billion, a P/E ratio of 131.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 2.66. Axon Enterprise has a one year low of $175.37 and a one year high of $329.87.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.29. The firm had revenue of $432.14 million during the quarter, compared to analyst estimates of $418.97 million. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. Equities research analysts expect that Axon Enterprise will post 2.44 earnings per share for the current fiscal 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.