Dougherty & Co Reiterates “Buy” Rating for Axon Enterprise (NASDAQ:AAXN)

Dougherty & Co restated their buy rating on shares of Axon Enterprise (NASDAQ:AAXN) in a research report released on Wednesday, February 28th, Marketbeat Ratings reports. They currently have a $36.00 target price on the industrial products company’s stock, up from their previous target price of $33.00.

A number of other brokerages also recently issued reports on AAXN. BidaskClub upgraded Axon Enterprise from a buy rating to a strong-buy rating in a report on Saturday, February 24th. Zacks Investment Research upgraded Axon Enterprise from a strong sell rating to a hold rating in a report on Wednesday, January 17th. Ladenburg Thalmann Financial Services upgraded Axon Enterprise from a neutral rating to a buy rating and set a $35.00 price target on the stock in a report on Wednesday, February 28th. Craig Hallum set a $37.00 price target on Axon Enterprise and gave the company a buy rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. set a $37.00 price target on Axon Enterprise and gave the company a buy rating in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Axon Enterprise presently has an average rating of Buy and a consensus price target of $38.00.

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Axon Enterprise stock opened at $37.90 on Wednesday. The company has a market capitalization of $2,009.99, a PE ratio of 379.00, a PEG ratio of 3.89 and a beta of 0.88. Axon Enterprise has a twelve month low of $20.57 and a twelve month high of $40.49.

Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.21. The firm had revenue of $94.65 million for the quarter, compared to the consensus estimate of $87.88 million. Axon Enterprise had a return on equity of 8.17% and a net margin of 1.59%. analysts expect that Axon Enterprise will post 0.39 earnings per share for the current fiscal year.

In other Axon Enterprise news, CRO Joshua Isner sold 9,301 shares of Axon Enterprise stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $36.34, for a total transaction of $337,998.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Luke Larson sold 36,105 shares of Axon Enterprise 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. Insiders own 3.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in Axon Enterprise during the 2nd quarter valued at approximately $102,000. Ameritas Investment Partners Inc. bought a new stake in Axon Enterprise during the 2nd quarter valued at approximately $113,000. Amalgamated Bank bought a new stake in Axon Enterprise during the 4th quarter valued at approximately $203,000. Royal Bank of Canada bought a new stake in Axon Enterprise during the 2nd quarter valued at approximately $200,000. Finally, Miles Capital Inc. bought a new stake in Axon Enterprise during the 4th quarter valued at approximately $214,000. 95.87% of the stock is currently owned by institutional investors and hedge funds.

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Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.

Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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