Axon Enterprise (NASDAQ:AAXN) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

A number of other research analysts have also weighed in on AAXN. Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 31st. Dougherty & Co cut their price objective on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Oppenheimer restated a “hold” rating on shares of Axon Enterprise in a research report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on Axon Enterprise from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $29.20.

Axon Enterprise (NASDAQ AAXN) opened at $26.56 on Thursday. The firm has a market capitalization of $1,410.00, a PE ratio of 106.24, a PEG ratio of 3.84 and a beta of 1.19. Axon Enterprise has a 12-month low of $20.57 and a 12-month high of $28.17.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $90.26 million for the quarter, compared to analysts’ expectations of $82.89 million. Axon Enterprise had a net margin of 4.32% and a return on equity of 7.91%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. analysts forecast that Axon Enterprise will post 0.14 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in AAXN. PNC Financial Services Group Inc. bought a new position in shares of Axon Enterprise in the 2nd quarter valued at about $102,000. Ameritas Investment Partners Inc. bought a new position in shares of Axon Enterprise in the 2nd quarter valued at about $113,000. SG Americas Securities LLC bought a new position in shares of Axon Enterprise in the 2nd quarter valued at about $118,000. Victory Capital Management Inc. bought a new position in shares of Axon Enterprise in the 2nd quarter valued at about $135,000. Finally, Royal Bank of Canada bought a new position in shares of Axon Enterprise in the 2nd quarter valued at about $200,000. 95.73% of the stock is owned by hedge funds and other institutional investors.

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Axon Enterprise Company Profile

Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.

Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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