DA Davidson Lowers Axos Financial (NYSE:AX) Price Target to $88.00

Axos Financial (NYSE:AX - Free Report) had its price objective reduced by DA Davidson from $96.00 to $88.00 in a research report report published on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Axos Financial's FY2026 earnings at $7.29 EPS.

AX has been the subject of several other research reports. Keefe, Bruyette & Woods dropped their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Raymond James reissued an "outperform" rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Finally, Needham & Company LLC lifted their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.17.

Axos Financial Stock Performance

Axos Financial stock traded down $0.91 during trading hours on Thursday, hitting $69.02. The stock had a trading volume of 294,885 shares, compared to its average volume of 436,538. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a market cap of $3.94 billion, a PE ratio of 9.28 and a beta of 1.46. The company has a 50-day moving average of $74.24 and a two-hundred day moving average of $70.33. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, equities research analysts anticipate that Axos Financial will post 7.18 EPS for the current fiscal year.

Insider Activity

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its stake in shares of Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock valued at $72,610,000 after purchasing an additional 292,952 shares during the period. Millennium Management LLC lifted its stake in Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock valued at $20,988,000 after acquiring an additional 190,584 shares in the last quarter. State Street Corp boosted its position in Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company's stock worth $199,877,000 after acquiring an additional 164,997 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial in the fourth quarter valued at approximately $9,849,000. Finally, Geode Capital Management LLC lifted its position in shares of Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company's stock worth $90,861,000 after purchasing an additional 91,797 shares in the last quarter. 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.