Sequoia Financial Advisors LLC Buys Shares of 1,080 Axon Enterprise, Inc. (NASDAQ:AXON)

Sequoia Financial Advisors LLC purchased a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,080 shares of the biotechnology company’s stock, valued at approximately $279,000.

Other institutional investors also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of Axon Enterprise in the fourth quarter valued at about $25,000. Hollencrest Capital Management bought a new stake in Axon Enterprise during the first quarter worth about $29,000. BKM Wealth Management LLC bought a new stake in Axon Enterprise during the fourth quarter worth about $32,000. First Capital Advisors Group LLC. bought a new stake in Axon Enterprise during the second quarter worth about $33,000. Finally, Tyler Stone Wealth Management bought a new stake in Axon Enterprise during the second quarter worth about $35,000. 79.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AXON has been the topic of several research analyst reports. JMP Securities upped their price objective on Axon Enterprise from $250.00 to $285.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 6th. StockNews.com lowered 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 company an “outperform” rating in a research note on Thursday, February 22nd. Needham & Company LLC upped their price objective on Axon Enterprise from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group upped their target price on Axon Enterprise from $297.00 to $339.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.64.

Axon Enterprise Trading Down 1.3 %

Shares of NASDAQ:AXON opened at $293.61 on Friday. The company has a market capitalization of $22.16 billion, a P/E ratio of 127.65 and a beta of 0.93. Axon Enterprise, Inc. has a 1 year low of $175.37 and a 1 year high of $329.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 2.66. The business’s 50 day simple moving average is $300.87 and its 200 day simple moving average is $257.97.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.29. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. The firm had revenue of $432.14 million during the quarter, compared to analysts’ expectations of $418.97 million. On average, research analysts anticipate that Axon Enterprise, Inc. will post 2.44 EPS for the current fiscal year.

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.