Short Interest in Axon Enterprise, Inc. (NASDAQ:AXON) Decreases By 7.3%

Axon Enterprise, Inc. (NASDAQ:AXON) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,280,000 shares, a decrease of 7.3% from the March 15th total of 2,460,000 shares. Based on an average daily trading volume, of 461,500 shares, the short-interest ratio is currently 4.9 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management bought a new position in shares of Axon Enterprise in the first quarter valued at approximately $29,000. BKM Wealth Management LLC bought a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $32,000. First Capital Advisors Group LLC. bought a new stake in Axon Enterprise during the second quarter worth $33,000. Finally, First PREMIER Bank bought a new stake in Axon Enterprise during the first quarter worth $33,000. Institutional investors own 79.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AXON. The Goldman Sachs Group increased their price target on Axon Enterprise from $297.00 to $339.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. TheStreet cut Axon Enterprise from a “b” rating to a “c+” rating in a research note on Tuesday, February 27th. Morgan Stanley increased their price target on Axon Enterprise from $250.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 28th. Barclays increased their price target on Axon Enterprise from $296.00 to $308.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. raised their target price on Axon Enterprise from $330.00 to $365.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $312.64.

Axon Enterprise Stock Down 1.0 %

Shares of NASDAQ:AXON opened at $300.31 on Wednesday. The business’s 50 day simple moving average is $299.16 and its two-hundred day simple moving average is $256.71. The firm has a market cap of $22.66 billion, a P/E ratio of 130.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.66 and a current ratio of 3.00. Axon Enterprise has a 52-week low of $175.37 and a 52-week high of $329.87.

Axon Enterprise (NASDAQ:AXON) last announced its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.29. The business had revenue of $432.14 million for the quarter, compared to analyst estimates of $418.97 million. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. As a group, research analysts forecast that Axon Enterprise will post 2.43 EPS for the current fiscal year.

Axon Enterprise Company Profile

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.