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

Axos Financial (NYSE:AX) had its price target cut by investment analysts at DA Davidson from $96.00 to $88.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 27.56% from the company’s previous close.

A number of other brokerages have also commented on AX. Keefe, Bruyette & Woods lowered their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday. Raymond James reissued an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Finally, Needham & Company LLC raised their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Trading Down 0.5 %

Shares of NYSE AX traded down $0.35 on Thursday, reaching $68.99. 63,100 shares of the company traded hands, compared to its average volume of 422,313. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a 50 day moving average of $74.78 and a 200 day moving average of $70.32. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.94 billion, a PE ratio of 8.35 and a beta of 1.46.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. On average, equities research analysts forecast that Axos Financial will post 7.07 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the transaction, the chief executive officer now owns 1,340,377 shares in the company, valued at $109,763,472.53. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction 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 sale, the director now owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Institutional Trading of Axos Financial

Several institutional investors and hedge funds have recently made changes to their positions in AX. Kathleen S. Wright Associates Inc. acquired a new stake in Axos Financial in the 3rd quarter valued at about $27,000. Heck Capital Advisors LLC bought a new position in shares of Axos Financial during the fourth quarter worth approximately $35,000. Ashton Thomas Securities LLC bought a new position in shares of Axos Financial during the third quarter worth approximately $41,000. Farther Finance Advisors LLC increased its holdings 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 purchasing an additional 582 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock worth $62,000 after acquiring an additional 308 shares in the last quarter. Institutional investors 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.