Axon Enterprise (NASDAQ:AAXN) had its price target lifted by JPMorgan Chase & Co. from $28.00 to $32.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has an overweight rating on the industrial products company’s stock.

Several other equities research analysts have also recently issued reports on AAXN. BidaskClub raised Axon Enterprise from a hold rating to a buy rating in a research note on Tuesday, December 12th. Oppenheimer reissued a hold rating on shares of Axon Enterprise in a research note on Wednesday, November 8th. Dougherty & Co cut their target price on Axon Enterprise from $36.00 to $33.00 and set a buy rating for the company in a research note on Wednesday, November 8th. Zacks Investment Research cut Axon Enterprise from a buy rating to a hold rating in a research note on Thursday, November 9th. Finally, ValuEngine raised Axon Enterprise from a sell rating to a hold rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Axon Enterprise currently has a consensus rating of Hold and an average target price of $29.20.

Axon Enterprise (AAXN) opened at $26.44 on Thursday. The stock has a market capitalization of $1,395.84, a P/E ratio of 101.70, a price-to-earnings-growth ratio of 7.28 and a beta of 1.19. Axon Enterprise has a 1 year low of $20.57 and a 1 year high of $28.17.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $90.26 million for the quarter, compared to analysts’ expectations of $82.89 million. Axon Enterprise had a return on equity of 7.91% and a net margin of 4.32%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. analysts expect that Axon Enterprise will post 0.14 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAXN. PNC Financial Services Group Inc. acquired a new stake in shares of Axon Enterprise during the second quarter worth about $102,000. Parallel Advisors LLC increased its position in Axon Enterprise by 13.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 500 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Axon Enterprise during the 2nd quarter worth approximately $113,000. SG Americas Securities LLC acquired a new position in Axon Enterprise during the 2nd quarter worth approximately $118,000. Finally, FNY Partners Fund LP increased its position in Axon Enterprise by 25.0% during the 2nd quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 95.73% of the company’s stock.

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About Axon Enterprise

Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.

Analyst Recommendations for Axon Enterprise (NASDAQ:AAXN)

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