Craig Hallum Increases Axon Enterprise (NASDAQ:AXON) Price Target to $370.00

Axon Enterprise (NASDAQ:AXON - Get Free Report) had its price target hoisted by equities researchers at Craig Hallum from $325.00 to $370.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the biotechnology company's stock. Craig Hallum's price objective indicates a potential upside of 18.31% from the company's current price.

A number of other research analysts also recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $400.00 price target on shares of Axon Enterprise in a report on Tuesday. Robert W. Baird raised their price target on shares of Axon Enterprise from $260.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $375.00 price objective on shares of Axon Enterprise in a report on Tuesday. StockNews.com lowered shares of Axon Enterprise from a "buy" rating to a "hold" rating in a research note on Thursday, March 14th. Finally, JPMorgan Chase & Co. lifted their price target on Axon Enterprise from $330.00 to $365.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Axon Enterprise currently has an average rating of "Moderate Buy" and a consensus price target of $327.00.

Axon Enterprise Stock Performance

AXON stock traded down $14.91 during midday trading on Tuesday, reaching $312.73. The stock had a trading volume of 1,021,233 shares, compared to its average volume of 477,590. The firm has a fifty day simple moving average of $309.95 and a two-hundred day simple moving average of $266.41. Axon Enterprise has a 52-week low of $175.37 and a 52-week 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 $23.60 billion, a PE ratio of 134.54 and a beta of 0.91.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last posted its earnings results on Monday, May 6th. The biotechnology company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.20. The company had revenue of $460.74 million during the quarter, compared to the consensus estimate of $441.57 million. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. The firm's quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, equities research analysts anticipate that Axon Enterprise will post 2.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXON. ICA Group Wealth Management LLC purchased a new position in Axon Enterprise in the 4th quarter valued at $26,000. Trivant Custom Portfolio Group LLC acquired a new position in Axon Enterprise during the first quarter worth $31,000. BKM Wealth Management LLC purchased a new stake in Axon Enterprise in the 4th quarter valued at $32,000. First PREMIER Bank acquired a new stake in shares of Axon Enterprise in the 1st quarter worth $33,000. Finally, Key Financial Inc raised its holdings in shares of Axon Enterprise by 367.6% during the 4th quarter. Key Financial Inc now owns 159 shares of the biotechnology company's stock worth $41,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 79.08% of the company's stock.

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.