BidaskClub lowered shares of Axon Enterprise (NASDAQ:AAXN) from a strong-buy rating to a buy rating in a report released on Saturday.

A number of other analysts have also recently weighed in on AAXN. William Blair assumed coverage on shares of Axon Enterprise in a research note on Tuesday, May 29th. They issued an outperform rating for the company. JPMorgan Chase & Co. lowered shares of Axon Enterprise from an overweight rating to a neutral rating and set a $66.00 target price on the stock. in a research report on Thursday, June 7th. Zacks Investment Research lowered shares of Axon Enterprise from a strong-buy rating to a hold rating in a research report on Wednesday, June 27th. Robert W. Baird assumed coverage on shares of Axon Enterprise in a research report on Friday, June 29th. They set a neutral rating and a $68.00 target price on the stock. Finally, Morgan Stanley assumed coverage on shares of Axon Enterprise in a research report on Monday, July 2nd. They set an overweight rating and a $75.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $62.64.

Shares of Axon Enterprise stock opened at $63.62 on Friday. Axon Enterprise has a 1-year low of $20.57 and a 1-year high of $76.45. The firm has a market capitalization of $3.78 billion, a PE ratio of 235.63, a PEG ratio of 5.05 and a beta of 1.11.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.11. Axon Enterprise had a net margin of 5.35% and a return on equity of 11.80%. The business had revenue of $99.23 million during the quarter, compared to analysts’ expectations of $95.74 million. research analysts anticipate that Axon Enterprise will post 0.51 EPS for the current fiscal year.

In other Axon Enterprise news, Director Mark W. Kroll sold 3,100 shares of the business’s stock in a transaction on Sunday, December 16th. The shares were sold at an average price of $22.85, for a total value of $70,835.00. Following the sale, the director now owns 55,135 shares of the company’s stock, valued at approximately $1,259,834.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Garnreiter sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $68.00, for a total transaction of $68,000.00. Following the completion of the sale, the director now directly owns 38,261 shares in the company, valued at approximately $2,601,748. The disclosure for this sale can be found here. Insiders have sold 38,297 shares of company stock worth $2,493,815 in the last ninety days. 3.50% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. BerganKDV Wealth Management LLC bought a new stake in Axon Enterprise in the 2nd quarter valued at $126,000. Benjamin F. Edwards & Company Inc. bought a new stake in Axon Enterprise in the 2nd quarter valued at $147,000. Advisors Preferred LLC bought a new stake in Axon Enterprise in the 2nd quarter valued at $175,000. Brighton Jones LLC bought a new stake in Axon Enterprise in the 2nd quarter valued at $202,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Axon Enterprise in the 1st quarter valued at $216,000. 82.23% of the stock is currently owned by hedge funds and other institutional investors.

About Axon Enterprise

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.

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