Axos Financial (NYSE:AX) Price Target Raised to $85.00

Axos Financial (NYSE:AX) had its price objective boosted by Needham & Company LLC from $82.00 to $85.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

AX has been the subject of several other research reports. Piper Sandler upped their price target on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Raymond James upped their price target on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective on the stock. in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.80.

Axos Financial Price Performance

NYSE AX opened at $65.85 on Thursday. Axos Financial has a twelve month low of $32.05 and a twelve month high of $79.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $3.75 billion, a PE ratio of 7.97 and a beta of 1.39. The stock has a 50-day simple moving average of $64.88 and a 200 day simple moving average of $61.48.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a return on equity of 19.47% and a net margin of 24.07%. The business had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter in the previous year, the firm earned $1.41 EPS. Research analysts anticipate that Axos Financial will post 7.03 EPS for the current year.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.07% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Large investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. bought a new stake in Axos Financial during the 3rd quarter worth approximately $27,000. Hollencrest Capital Management bought a new stake in Axos Financial during the 2nd quarter worth approximately $25,000. EntryPoint Capital LLC grew its position in Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after acquiring an additional 441 shares during the last quarter. Farther Finance Advisors LLC grew its position in Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 582 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Axos Financial in the 2nd quarter valued at $49,000. 83.79% of the stock is currently owned by institutional investors.

About Axos Financial

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.