Axos Financial (NYSE:AX) Price Target Raised to $88.00

Axos Financial (NYSE:AX - Get Free Report) had its price objective lifted by equities researchers at Needham & Company LLC from $85.00 to $88.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price target suggests a potential upside of 25.66% from the company's current price.

Other equities analysts have also recently issued research reports about the company. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods raised their price target on Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Axos Financial has a consensus rating of "Moderate Buy" and an average price target of $84.17.

Axos Financial Stock Up 0.6 %

AX stock traded up $0.40 during trading on Wednesday, hitting $70.03. 436,794 shares of the stock traded hands, compared to its average volume of 398,574. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46. The firm's 50 day moving average is $74.24 and its two-hundred day moving average is $70.34. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 9.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 19.12%. On average, sell-side analysts anticipate that Axos Financial will post 7.16 EPS for the current year.

Insider Activity

In related news, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the 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 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. Corporate insiders own 5.07% of the company's stock.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Kathleen S. Wright Associates Inc. acquired a new position in shares of Axos Financial during the third quarter worth approximately $27,000. Heck Capital Advisors LLC bought a new stake in Axos Financial in the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its position in shares of Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock worth $41,000 after acquiring an additional 582 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Axos Financial during the third quarter worth $41,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Axos Financial during the fourth quarter worth $52,000. Institutional investors and hedge funds own 83.79% of the company's stock.

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.