Spire Wealth Management Has $892,000 Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Spire Wealth Management increased its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 10,120.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,475 shares of the biotechnology company’s stock after purchasing an additional 3,441 shares during the period. Spire Wealth Management’s holdings in Axon Enterprise were worth $892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXON. Measured Wealth Private Client Group LLC purchased a new position in Axon Enterprise during the 4th quarter valued at about $258,000. First National Trust Co acquired a new position in Axon Enterprise in the 4th quarter valued at approximately $207,000. Signature Resources Capital Management LLC acquired a new position in Axon Enterprise in the 4th quarter valued at approximately $92,000. M&T Bank Corp lifted its position in Axon Enterprise by 18.4% in the 4th quarter. M&T Bank Corp now owns 3,437 shares of the biotechnology company’s stock worth $887,000 after buying an additional 535 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in shares of Axon Enterprise by 9.8% during the 4th quarter. Merit Financial Group LLC now owns 4,467 shares of the biotechnology company’s stock valued at $1,154,000 after buying an additional 399 shares during the period. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AXON. JMP Securities reiterated a “market outperform” rating and set a $375.00 price objective on shares of Axon Enterprise in a report on Tuesday. Craig Hallum raised their price target on Axon Enterprise from $325.00 to $370.00 and gave the stock a “buy” rating in a research note on Tuesday. TheStreet cut Axon Enterprise from a “b” rating to a “c+” rating in a research note on Tuesday, February 27th. Morgan Stanley raised their price objective on shares of Axon Enterprise from $285.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, Argus began coverage on shares of Axon Enterprise in a research note on Wednesday, March 13th. They issued a “buy” rating and a $380.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $333.08.

Axon Enterprise Stock Down 0.3 %

Shares of Axon Enterprise stock opened at $311.86 on Thursday. Axon Enterprise, Inc. has a 12-month low of $175.37 and a 12-month high of $329.87. The company has a quick ratio of 2.66, a current ratio of 3.00 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $310.82 and a two-hundred day moving average price of $267.44. The stock has a market capitalization of $23.53 billion, a P/E ratio of 135.59 and a beta of 0.91.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings data on Monday, May 6th. The biotechnology company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.20. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. The business had revenue of $460.74 million during the quarter, compared to the consensus estimate of $441.57 million. During the same period in the prior year, the firm earned $0.51 EPS. Axon Enterprise’s quarterly revenue was up 34.3% compared to the same quarter last year. Equities analysts expect that Axon Enterprise, Inc. will post 2.44 earnings per share for the current 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.