Axon Enterprise Inc (NASDAQ:AAXN)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $68.64, but opened at $65.29. Axon Enterprise shares last traded at $64.48, with a volume of 46,631 shares trading hands.
Several equities analysts recently commented on AAXN shares. Needham & Company LLC raised shares of Axon Enterprise from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Friday. Imperial Capital raised shares of Axon Enterprise from an “in-line” rating to an “outperform” rating and set a $68.00 price objective for the company in a research note on Wednesday, August 14th. ValuEngine cut shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research raised shares of Axon Enterprise from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, BidaskClub cut shares of Axon Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $70.50.
The firm has a market capitalization of $3.15 billion, a P/E ratio of 128.90, a price-to-earnings-growth ratio of 7.37 and a beta of 0.62. The firm’s 50-day simple moving average is $55.05 and its 200-day simple moving average is $62.63.
Axon Enterprise (NASDAQ:AAXN) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. Axon Enterprise had a net margin of 3.34% and a return on equity of 3.19%. The business had revenue of $130.84 million during the quarter, compared to analyst estimates of $122.72 million. During the same period in the previous year, the business posted $0.20 earnings per share. Axon Enterprise’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, research analysts anticipate that Axon Enterprise Inc will post 0.48 earnings per share for the current fiscal year.
In other Axon Enterprise news, Director Julie A. Cullivan sold 1,360 shares of Axon Enterprise stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $57.86, for a total transaction of $78,689.60. Following the completion of the sale, the director now directly owns 7,815 shares in the company, valued at $452,175.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its position in Axon Enterprise by 788.1% during the second quarter. Baillie Gifford & Co. now owns 4,348,159 shares of the industrial products company’s stock valued at $279,195,000 after purchasing an additional 3,858,554 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Axon Enterprise by 0.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 827,205 shares of the industrial products company’s stock worth $46,969,000 after acquiring an additional 2,070 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Axon Enterprise by 2.2% in the 2nd quarter. Northern Trust Corp now owns 787,767 shares of the industrial products company’s stock worth $50,582,000 after acquiring an additional 16,868 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Axon Enterprise by 4.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 768,530 shares of the industrial products company’s stock worth $43,637,000 after acquiring an additional 33,256 shares during the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Axon Enterprise in the 3rd quarter worth approximately $28,873,000. Institutional investors and hedge funds own 83.65% of the company’s stock.
Axon Enterprise Company Profile (NASDAQ:AAXN)
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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