Axos Financial, Inc. (NYSE:AX) Receives $83.20 Average Target Price from Analysts

Axos Financial, Inc. (NYSE:AX) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $83.20.

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Axos Financial in a research note on Thursday, January 9th. Finally, Wedbush dropped their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th.

Axos Financial Stock Performance

Shares of NYSE AX opened at $66.61 on Tuesday. The company has a 50-day simple moving average of $76.79 and a 200-day simple moving average of $69.21. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $3.80 billion, a PE ratio of 8.06 and a beta of 1.46. Axos Financial has a 12 month low of $44.10 and a 12 month high of $88.46.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the previous year, the firm posted $1.41 EPS. On average, equities analysts anticipate that Axos Financial will post 7.07 earnings per share for the current year.

Insider Transactions at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the transaction, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

Institutional Trading of Axos Financial

A number of institutional investors and hedge funds have recently modified their holdings of AX. Hollencrest Capital Management bought a new stake in shares of Axos Financial during the 2nd quarter valued at about $25,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Axos Financial during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Axos Financial during the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC lifted its holdings in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after purchasing an additional 308 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.