Axos Financial (NYSE:AX) Price Target Raised to $85.00 at Needham & Company LLC

Axos Financial (NYSE:AX) had its price target raised by Needham & Company LLC from $82.00 to $85.00 in a report published on Thursday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Wedbush decreased 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. Piper Sandler increased their price objective on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Raymond James boosted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods downgraded shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.80.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $67.69 on Thursday. 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 firm has a fifty day simple moving average of $64.89 and a 200-day simple moving average of $61.33. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 8.19 and a beta of 1.39. Axos Financial has a 1-year low of $32.05 and a 1-year high of $79.15.

Axos Financial (NYSE:AX) last released its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 19.47%. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same quarter in the previous year, the business earned $1.41 EPS. On average, sell-side analysts expect that Axos Financial will post 7.03 earnings per share for the current year.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axos Financial

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its stake in Axos Financial by 6.1% in the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock valued at $14,055,000 after buying an additional 14,953 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Axos Financial by 122.2% in the 1st quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock valued at $1,699,000 after purchasing an additional 17,288 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Axos Financial by 7.2% in the 1st quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock worth $10,136,000 after purchasing an additional 12,650 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Axos Financial by 37.6% during the 1st quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 12,560 shares in the last quarter. Finally, M&G Plc bought a new position in Axos Financial during the 1st quarter valued at about $8,249,000. 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.