Axon Enterprise, Inc. (NASDAQ:AXON) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Axon Enterprise, Inc. (NASDAQ:AXON) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $626.45.

Several research analysts have recently commented on AXON shares. Barclays reissued a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. Craig Hallum cut shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. TD Cowen started coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th.

Axon Enterprise Stock Performance

Shares of NASDAQ:AXON opened at $574.83 on Thursday. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $44.05 billion, a price-to-earnings ratio of 148.54, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The firm has a 50 day moving average of $564.96 and a 200 day moving average of $562.96. Axon Enterprise has a 52 week low of $273.52 and a 52 week high of $715.99.

Insiders Place Their Bets

In other news, Director Jeri Williams sold 307 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axon Enterprise

Institutional investors and hedge funds have recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new position in Axon Enterprise during the 4th quarter worth approximately $30,000. New Wave Wealth Advisors LLC purchased a new position in shares of Axon Enterprise during the fourth quarter worth $40,000. Y.D. More Investments Ltd acquired a new position in Axon Enterprise during the fourth quarter valued at $45,000. Elequin Capital LP acquired a new position in Axon Enterprise during the fourth quarter valued at $46,000. Finally, Prestige Wealth Management Group LLC boosted its holdings in Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds 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.