Axon Enterprise, Inc. (NASDAQ:AXON) Receives Average Rating of “Moderate Buy” from Brokerages

Axon Enterprise, Inc. (NASDAQ:AXON) has received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $561.31.

AXON has been the topic of several recent analyst reports. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Robert W. Baird raised their target price on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. TD Cowen assumed coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective on the stock. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Finally, Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price objective on the stock. in a report on Thursday, February 20th.

Axon Enterprise Stock Down 0.6 %

NASDAQ AXON opened at $496.65 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The company has a market capitalization of $37.87 billion, a P/E ratio of 128.33, a PEG ratio of 5.17 and a beta of 1.05. The company’s 50 day simple moving average is $614.17 and its 200 day simple moving average is $521.71. Axon Enterprise has a 12 month low of $265.32 and a 12 month high of $715.99.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the transaction, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Joshua Isner sold 1,291 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total value of $829,377.13. Following the sale, the president now owns 181,892 shares in the company, valued at $116,852,877.56. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,711 shares of company stock valued at $5,631,561 over the last quarter. 5.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Axon Enterprise

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in Axon Enterprise in the fourth quarter valued at about $30,000. Prestige Wealth Management Group LLC raised its position in shares of Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. New Wave Wealth Advisors LLC acquired a new position in Axon Enterprise during the fourth quarter valued at approximately $40,000. Brooklyn Investment Group bought a new stake in shares of Axon Enterprise in the 3rd quarter valued at $41,000. Finally, Y.D. More Investments Ltd acquired a new stake in Axon Enterprise during the 4th quarter worth $45,000. Institutional investors own 79.08% of the company’s stock.

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.