Axos Financial, Inc (NYSE:AX) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give Axos an average recommendation of Moderate Buy from eight firms, with an average 1‑year price target of $104.50 (five buys, two holds, one strong buy).
• Company insiders have been selling: CEO Gregory Garrabrants sold 43,294 shares and EVP Derrick Walsh sold 4,846, with insiders offloading a total of 59,303 shares (~$5.9M) in the last quarter while owning 4.85% of the stock.
• Recent quarter beat expectations—EPS of $2.25 vs. $2.07 expected and revenue of $385.09M vs. $345.89M—Axos reports a 22.66% net margin, trades near $95 with a P/E of about 12.1, and a 12‑month range of $61.81–$101.92.

Shares of Axos Financial, Inc (NYSE:AX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $104.50.

Several research firms have recently weighed in on AX. Zacks Research lowered shares of Axos Financial from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 8th. Jefferies Financial Group upped their target price on shares of Axos Financial from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, January 30th. DA Davidson upped their target price on shares of Axos Financial from $107.50 to $112.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 target price on shares of Axos Financial in a report on Monday, March 16th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $100.00 to $110.00 and gave the stock a "market perform" rating in a report on Friday, January 30th.

Insider Transactions at Axos Financial

In other news, CEO Gregory Garrabrants sold 43,294 shares of the company's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total value of $4,290,435.40. Following the sale, the chief executive officer owned 1,418,751 shares of the company's stock, valued at approximately $140,598,224.10. This represents a 2.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Derrick Walsh sold 4,846 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $101.21, for a total transaction of $490,463.66. Following the sale, the executive vice president directly owned 37,936 shares in the company, valued at approximately $3,839,502.56. This represents a 11.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 59,303 shares of company stock valued at $5,908,474. 4.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Axos Financial

Hedge funds have recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. bought a new stake in Axos Financial during the 4th quarter worth about $26,000. Salomon & Ludwin LLC bought a new stake in Axos Financial during the 3rd quarter worth about $26,000. Basepoint Wealth LLC bought a new stake in Axos Financial during the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. bought a new stake in Axos Financial during the 3rd quarter worth about $29,000. Finally, Bessemer Group Inc. grew its holdings in Axos Financial by 59.6% during the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company's stock worth $29,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Axos Financial Stock Down 0.1%

AX opened at $95.38 on Monday. The firm's 50-day simple moving average is $89.90 and its 200-day simple moving average is $87.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a twelve month low of $61.81 and a twelve month high of $101.92. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 12.09 and a beta of 1.26.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business had revenue of $385.09 million for the quarter, compared to analyst estimates of $345.89 million. During the same quarter in the prior year, the firm earned $1.82 EPS. The firm's quarterly revenue was up 25.1% compared to the same quarter last year. Equities research analysts anticipate that Axos Financial will post 8.66 EPS for the current fiscal year.

About Axos Financial

Axos Financial, Inc NYSE: AX is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.

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