Axos Financial (NYSE:AX) Stock Price Up 14.7% – Time to Buy?

Axos Financial, Inc. (NYSE:AX) shares traded up 14.7% during mid-day trading on Wednesday . The company traded as high as $78.07 and last traded at $77.52. 364,201 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 573,147 shares. The stock had previously closed at $67.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their price target on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods increased their price target on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Needham & Company LLC lifted their price target on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Raymond James lifted their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Wedbush dropped their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.80.

Axos Financial Stock Up 20.6 %

The firm has a market capitalization of $4.65 billion, a P/E ratio of 9.21 and a beta of 1.38. The business has a 50 day moving average price of $64.80 and a 200 day moving average price of $61.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. The firm had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same quarter in the prior year, the firm posted $1.41 EPS. On average, analysts predict that Axos Financial, Inc. will post 6.98 earnings per share for the current year.

Insiders Place Their Bets

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.07% of the company’s stock.

Institutional Trading of Axos Financial

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its position in shares of Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after buying an additional 321,494 shares during the period. Geneva Capital Management LLC boosted its stake in Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after acquiring an additional 1,976 shares during the last quarter. Emerald Advisers LLC grew its holdings in Axos Financial by 14.4% during the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after purchasing an additional 63,458 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in Axos Financial by 10.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company’s stock valued at $26,564,000 after purchasing an additional 40,184 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Axos Financial by 107.9% in the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after purchasing an additional 190,584 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.