Tyche Wealth Partners LLC Takes $751,000 Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Tyche Wealth Partners LLC purchased a new position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,907 shares of the biotechnology company's stock, valued at approximately $751,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in shares of Axon Enterprise during the 4th quarter valued at approximately $25,000. Hollencrest Capital Management bought a new position in Axon Enterprise in the 1st quarter valued at $29,000. BKM Wealth Management LLC bought a new position in Axon Enterprise in the 4th quarter valued at $32,000. First Capital Advisors Group LLC. bought a new position in shares of Axon Enterprise during the 2nd quarter worth $33,000. Finally, Tyler Stone Wealth Management bought a new position in shares of Axon Enterprise during the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 79.08% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AXON shares. StockNews.com cut Axon Enterprise from a "buy" rating to a "hold" rating in a research note on Thursday, March 14th. Robert W. Baird upped their price objective on Axon Enterprise from $260.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Morgan Stanley increased their price target on Axon Enterprise from $250.00 to $285.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 28th. The Goldman Sachs Group increased their price target on Axon Enterprise from $297.00 to $339.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Finally, TheStreet cut Axon Enterprise from a "b" rating to a "c+" rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $312.64.

Axon Enterprise Stock Performance

Axon Enterprise stock traded down $0.49 during midday trading on Wednesday, hitting $299.82. 603,289 shares of the company were exchanged, compared to its average volume of 467,443. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.66 and a current ratio of 3.00. Axon Enterprise, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $329.87. The business has a fifty day simple moving average of $299.84 and a two-hundred day simple moving average of $257.02. The firm has a market capitalization of $22.62 billion, a PE ratio of 130.36 and a beta of 0.93.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last released its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.29. The business had revenue of $432.14 million for the quarter, compared to the consensus estimate of $418.97 million. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. On average, sell-side analysts forecast that Axon Enterprise, Inc. will post 2.43 earnings per share for the current year.

Axon Enterprise 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.