Axos Financial, Inc. (NYSE:AX) Receives Average Recommendation of "Moderate Buy" from Brokerages

Axos Financial, Inc. (NYSE:AX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $79.80.

AX has been the subject of a number of analyst reports. Wedbush cut their target price on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Raymond James raised their target price on Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Axos Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, November 13th. Piper Sandler increased their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC boosted their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, October 31st.

Insider Buying and Selling

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the company's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value 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 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This trade represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock worth $10,882,135 in the last three months. Corporate insiders own 5.07% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Axos Financial in the 2nd quarter valued at approximately $25,000. EntryPoint Capital LLC boosted its holdings in shares of Axos Financial by 816.7% in the first quarter. EntryPoint Capital LLC now owns 495 shares of the company's stock valued at $27,000 after acquiring an additional 441 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Axos Financial in the third quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Axos Financial in the 3rd quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock valued at $41,000 after acquiring an additional 582 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Stock Performance

AX traded down $0.29 during trading on Monday, hitting $79.87. The stock had a trading volume of 15,954 shares, compared to its average volume of 580,657. The firm has a market capitalization of $4.56 billion, a P/E ratio of 9.70 and a beta of 1.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a twelve month low of $36.93 and a twelve month high of $85.54. The company's 50-day moving average price is $67.01 and its 200 day moving average price is $63.53.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.16. The business had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the previous year, the business posted $1.41 earnings per share. On average, equities research analysts forecast that Axos Financial will post 7.02 EPS for the current fiscal year.

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.