Axon Enterprise (AXON) – Analysts’ Recent Ratings Updates

Axon Enterprise (NASDAQ: AXON) recently received a number of ratings updates from brokerages and research firms:

• 5/1/2024 – Axon Enterprise had its price target raised by analysts at JMP Securities from $320.00 to $375.00. They now have a “market outperform” rating on the stock.
• 4/26/2024 – Axon Enterprise had its price target raised by analysts at Morgan Stanley from $285.00 to $310.00. They now have an “equal weight” rating on the stock.
• 4/24/2024 – Axon Enterprise had its “outperform” rating reaffirmed by analysts at William Blair.
• 4/24/2024 – Axon Enterprise had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $400.00 price target on the stock.
• 4/11/2024 – Axon Enterprise had its price target raised by analysts at JPMorgan Chase & Co. from $330.00 to $365.00. They now have an “overweight” rating on the stock.
• 4/10/2024 – Axon Enterprise had its price target raised by analysts at Needham & Company LLC from $315.00 to $400.00. They now have a “buy” rating on the stock.
• 3/14/2024 – Axon Enterprise was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/13/2024 – Axon Enterprise is now covered by analysts at Argus. They set a “buy” rating and a $380.00 price target on the stock.
• 3/7/2024 – Axon Enterprise was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Axon Enterprise Trading Up 0.6 %

AXON opened at $318.55 on Monday. The firm has a market cap of $24.04 billion, a P/E ratio of 138.50 and a beta of 0.91. Axon Enterprise, Inc. has a 12 month low of $175.37 and a 12 month high of $329.87. The company has a current ratio of 3.00, a quick ratio of 2.66 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $308.83 and a 200 day moving average of $265.60.

Axon Enterprise (NASDAQ:AXON) last announced its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.29. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. The business had revenue of $432.14 million during the quarter, compared to analyst estimates of $418.97 million. As a group, research analysts forecast that Axon Enterprise, Inc. will post 2.44 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Axon Enterprise by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 7,930,905 shares of the biotechnology company’s stock valued at $2,048,791,000 after purchasing an additional 40,435 shares during the period. Sands Capital Management LLC boosted its holdings in shares of Axon Enterprise by 0.6% in the fourth quarter. Sands Capital Management LLC now owns 2,628,652 shares of the biotechnology company’s stock valued at $679,060,000 after purchasing an additional 16,347 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Axon Enterprise by 3.3% in the third quarter. Wellington Management Group LLP now owns 1,956,022 shares of the biotechnology company’s stock valued at $389,229,000 after purchasing an additional 62,324 shares during the period. Norges Bank purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $195,406,000. Finally, Westfield Capital Management Co. LP lifted its holdings in Axon Enterprise by 5.1% during the fourth quarter. Westfield Capital Management Co. LP now owns 731,721 shares of the biotechnology company’s stock worth $189,025,000 after buying an additional 35,528 shares during the period. Hedge funds and other institutional investors own 79.08% of the company’s stock.

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.