A number of other equities analysts also recently commented on the stock. Imperial Capital boosted their target price on shares of Axon Enterprise from $68.00 to $73.00 and gave the stock an outperform rating in a report on Tuesday, November 12th. They noted that the move was a valuation call. JMP Securities initiated coverage on shares of Axon Enterprise in a report on Tuesday, December 10th. They issued an outperform rating and a $89.00 target price for the company. Needham & Company LLC boosted their target price on shares of Axon Enterprise from $70.00 to $80.00 and gave the stock a buy rating in a report on Monday, January 6th. ValuEngine downgraded shares of Axon Enterprise from a buy rating to a hold rating in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Axon Enterprise from a sell rating to a hold rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $76.11.
Axon Enterprise stock traded down $0.63 during trading hours on Thursday, reaching $87.11. The stock had a trading volume of 592,148 shares, compared to its average volume of 733,389. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 348.44, a PEG ratio of 7.57 and a beta of 0.78. The business’s 50 day moving average price is $76.75 and its 200-day moving average price is $66.29. Axon Enterprise has a 52 week low of $46.28 and a 52 week high of $89.16.
Several hedge funds have recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new stake in Axon Enterprise in the fourth quarter valued at approximately $27,000. Citizens Financial Group Inc RI purchased a new stake in Axon Enterprise in the fourth quarter valued at approximately $28,000. Bartlett & Co. LLC purchased a new stake in Axon Enterprise in the third quarter valued at approximately $27,000. Nisa Investment Advisors LLC boosted its position in Axon Enterprise by 56.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 500 shares of the industrial products company’s stock valued at $37,000 after buying an additional 180 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in Axon Enterprise by 64.7% in the fourth quarter. Advisory Services Network LLC now owns 542 shares of the industrial products company’s stock valued at $40,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 86.80% of the company’s stock.
About Axon Enterprise
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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