Boothbay Fund Management LLC Sells 38,579 Shares of Axos Financial, Inc $AX

Boothbay Fund Management LLC decreased its holdings in Axos Financial, Inc (NYSE:AX) by 30.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,181 shares of the company’s stock after selling 38,579 shares during the quarter. Boothbay Fund Management LLC owned about 0.16% of Axos Financial worth $7,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AX. Salomon & Ludwin LLC bought a new position in Axos Financial in the 3rd quarter worth $26,000. Brown Brothers Harriman & Co. bought a new stake in shares of Axos Financial during the 3rd quarter valued at about $29,000. Bessemer Group Inc. boosted its stake in shares of Axos Financial by 59.6% during the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after buying an additional 333 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of Axos Financial during the third quarter valued at about $40,000. Institutional investors own 83.79% of the company’s stock.

Insider Transactions at Axos Financial

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

Axos Financial Trading Down 0.0%

Shares of NYSE AX opened at $84.66 on Monday. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $101.92. The stock has a market cap of $4.80 billion, a P/E ratio of 10.73 and a beta of 1.27. The firm has a 50-day moving average of $93.17 and a 200 day moving average of $87.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $345.89 million. During the same quarter in the prior year, the company earned $1.82 earnings per share. The business’s revenue was up 25.1% compared to the same quarter last year. As a group, sell-side analysts expect that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on AX shares. Weiss Ratings restated a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, January 30th. DA Davidson increased their target price on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Jefferies Financial Group raised their target price on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Axos Financial currently has a consensus rating of “Buy” and a consensus price target of $104.50.

Axos Financial Company Profile

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.