Axos Financial (NYSE:AX) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Axos Financial (NYSE:AX) from a hold rating to a sell rating in a research note released on Thursday.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods increased their target price on Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Piper Sandler upped their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Raymond James lifted their price target on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Wedbush reduced their price objective 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. Finally, Needham & Company LLC lifted their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $79.80.

Axos Financial Stock Up 1.6 %

Axos Financial stock traded up $1.23 during trading hours on Thursday, hitting $80.56. The stock had a trading volume of 249,542 shares, compared to its average volume of 582,178. The stock has a market capitalization of $4.60 billion, a P/E ratio of 9.60 and a beta of 1.38. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $65.27 and its 200-day moving average price is $62.15. Axos Financial has a 12-month low of $32.05 and a 12-month high of $82.95.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The firm had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter in the previous year, the business earned $1.41 earnings per share. Equities research analysts anticipate that Axos Financial will post 7.02 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.07% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

Several institutional investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. bought a new stake in Axos Financial in the third quarter worth $27,000. Hollencrest Capital Management purchased a new position in shares of Axos Financial during the 2nd quarter worth about $25,000. EntryPoint Capital LLC grew its holdings in Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 441 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Axos Financial by 881.8% in 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 last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Axos Financial during the third quarter valued at approximately $41,000. 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.