Axon Enterprise (NASDAQ:AXON) Given Outperform Rating at William Blair

Axon Enterprise (NASDAQ:AXON)‘s stock had its “outperform” rating restated by stock analysts at William Blair in a research report issued on Wednesday, RTT News reports.

Other research analysts have also issued research reports about the company. Robert W. Baird boosted their price objective on Axon Enterprise from $260.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Argus initiated coverage on Axon Enterprise in a research report on Wednesday, March 13th. They set a “buy” rating and a $380.00 price target for the company. StockNews.com lowered Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. JMP Securities boosted their price target on Axon Enterprise from $250.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 6th. Finally, Barclays upped their price objective on Axon Enterprise from $296.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.64.

Axon Enterprise Stock Performance

Shares of NASDAQ AXON traded up $0.98 during trading on Wednesday, reaching $302.54. The stock had a trading volume of 183,713 shares, compared to its average volume of 467,233. Axon Enterprise has a one year low of $175.37 and a one year high of $329.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.66 and a current ratio of 3.00. The stock has a market cap of $22.83 billion, a PE ratio of 131.54 and a beta of 0.93. The firm’s 50 day moving average price is $302.15 and its two-hundred day moving average price is $260.29.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $418.97 million. On average, research analysts forecast that Axon Enterprise will post 2.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axon Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of AXON. Westfield Capital Management Co. LP grew its stake in Axon Enterprise by 184.3% in the third quarter. Westfield Capital Management Co. LP now owns 696,193 shares of the biotechnology company’s stock valued at $138,535,000 after purchasing an additional 451,350 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Axon Enterprise by 18.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 104,587 shares of the biotechnology company’s stock worth $27,019,000 after acquiring an additional 16,230 shares in the last quarter. BKM Wealth Management LLC bought a new stake in shares of Axon Enterprise during the 4th quarter worth about $32,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Axon Enterprise by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 147,345 shares of the biotechnology company’s stock worth $29,320,000 after acquiring an additional 495 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Axon Enterprise during the 4th quarter worth about $39,907,000. 79.08% of the stock is owned by institutional investors and hedge funds.

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.