DA Davidson Lowers Axos Financial (NYSE:AX) Price Target to $88.00

Axos Financial (NYSE:AX) had its target price lowered by DA Davidson from $96.00 to $88.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 25.66% from the stock’s previous close. DA Davidson also issued estimates for Axos Financial’s FY2026 earnings at $7.29 EPS.

Several other research firms have also recently weighed in on AX. Raymond James reaffirmed an “outperform” rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Finally, Needham & Company LLC lifted their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Stock Up 0.6 %

NYSE AX opened at $70.03 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 company has a market cap of $4.00 billion, a price-to-earnings ratio of 9.41 and a beta of 1.46. The company has a 50 day moving average of $74.24 and a 200-day moving average of $70.34. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 19.12% and a net margin of 22.10%. On average, equities research analysts expect that Axos Financial will post 7.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors have recently made changes to their positions in AX. JPMorgan Chase & Co. increased its position in Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after purchasing an additional 32,095 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Axos Financial by 9.4% during the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock worth $28,512,000 after buying an additional 39,091 shares during the period. Barclays PLC raised its stake in Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after buying an additional 35,087 shares during the last quarter. Raymond James & Associates lifted its holdings in Axos Financial by 29.7% in the third quarter. Raymond James & Associates now owns 109,964 shares of the company’s stock valued at $6,915,000 after buying an additional 25,158 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Axos Financial during the fourth quarter valued at $9,849,000. Institutional investors 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.