Lisanti Capital Growth LLC Takes Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Lisanti Capital Growth LLC acquired a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,585 shares of the biotechnology company’s stock, valued at approximately $1,184,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXON. Apollon Wealth Management LLC bought a new stake in Axon Enterprise during the fourth quarter valued at about $234,000. Fielder Capital Group LLC bought a new position in shares of Axon Enterprise during the 4th quarter valued at about $293,000. Spire Wealth Management increased its holdings in shares of Axon Enterprise by 10,120.6% in the fourth quarter. Spire Wealth Management now owns 3,475 shares of the biotechnology company’s stock worth $892,000 after purchasing an additional 3,441 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter worth about $258,000. Finally, First National Trust Co bought a new position in Axon Enterprise during the fourth quarter valued at approximately $207,000. 79.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Axon Enterprise from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. The Goldman Sachs Group upped their target price on shares of Axon Enterprise from $297.00 to $339.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. William Blair reiterated an “outperform” rating on shares of Axon Enterprise in a research report on Wednesday, April 24th. Craig Hallum upped their price objective on Axon Enterprise from $325.00 to $370.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Argus started coverage on Axon Enterprise in a report on Wednesday, March 13th. They issued a “buy” rating and a $380.00 target price for the company. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.00.

Axon Enterprise Trading Down 4.6 %

Axon Enterprise stock traded down $14.91 during mid-day trading on Tuesday, hitting $312.73. The company’s stock had a trading volume of 1,021,233 shares, compared to its average volume of 477,590. 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 company has a 50 day moving average of $309.95 and a 200-day moving average of $266.41. Axon Enterprise, Inc. has a one year low of $175.37 and a one year high of $329.87. 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) last posted its quarterly earnings results on Monday, May 6th. The biotechnology company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. The firm had revenue of $460.74 million for the quarter, compared to analysts’ expectations of $441.57 million. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. On average, research analysts anticipate that Axon Enterprise, Inc. will post 2.44 EPS for the current year.

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.