Axos Financial's (AX) Buy Rating Reiterated at Needham & Company LLC

Axos Financial (NYSE:AX - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They presently have a $88.00 price target on the stock. Needham & Company LLC's target price indicates a potential upside of 29.95% from the stock's current price.

AX has been the subject of several other research reports. DA Davidson decreased their target price on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Raymond James reissued an "outperform" rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

Axos Financial Trading Up 0.5 %

Shares of AX stock traded up $0.35 on Thursday, hitting $67.72. The stock had a trading volume of 350,070 shares, compared to its average volume of 523,076. The company's 50 day moving average price is $62.56 and its 200-day moving average price is $69.55. The firm has a market capitalization of $3.82 billion, a P/E ratio of 9.10 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. The business had revenue of $432.72 million for the quarter, compared to analysts' expectations of $305.04 million. During the same period in the previous year, the company posted $1.91 EPS. Analysts anticipate that Axos Financial will post 7.22 earnings per share for the current year.

Insider Transactions at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares of the company's stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 5.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Axos Financial

A number of hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Axos Financial during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC bought a new position in Axos Financial during the 4th quarter valued at about $52,000. NewEdge Advisors LLC lifted its stake in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after acquiring an additional 850 shares during the last quarter. R Squared Ltd purchased a new position in Axos Financial in the 4th quarter worth about $66,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Axos Financial by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after buying an additional 773 shares during the period. Hedge funds and other 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.