EZCORP (NASDAQ:EZPW) Price Target Raised to $18.00

EZCORP (NASDAQ:EZPW) had its price objective boosted by equities researchers at Canaccord Genuity Group from $17.00 to $18.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 62.31% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. TheStreet upgraded shares of EZCORP from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. StockNews.com cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 29th.

EZCORP Price Performance

Shares of EZPW stock traded up $0.27 during trading on Tuesday, hitting $11.09. The company had a trading volume of 265,593 shares, compared to its average volume of 534,496. The company has a quick ratio of 3.08, a current ratio of 4.00 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average is $10.65 and its two-hundred day moving average is $9.26. The stock has a market capitalization of $611.61 million, a price-to-earnings ratio of 17.60 and a beta of 1.15. EZCORP has a 52 week low of $7.70 and a 52 week high of $11.40.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. EZCORP had a net margin of 4.62% and a return on equity of 10.37%. The business had revenue of $299.99 million for the quarter, compared to analysts’ expectations of $303.66 million. As a group, analysts predict that EZCORP will post 1.05 EPS for the current fiscal year.

Insider Transactions at EZCORP

In related news, CRO Nicole Swies sold 2,250 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.38, for a total value of $25,605.00. Following the completion of the sale, the executive now owns 71,458 shares of the company’s stock, valued at $813,192.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in EZCORP during the first quarter valued at $26,000. Tower Research Capital LLC TRC lifted its position in EZCORP by 128.8% during the third quarter. Tower Research Capital LLC TRC now owns 3,418 shares of the credit services provider’s stock valued at $27,000 after buying an additional 1,924 shares during the period. Belpointe Asset Management LLC lifted its position in EZCORP by 3,041.0% during the first quarter. Belpointe Asset Management LLC now owns 3,675 shares of the credit services provider’s stock valued at $32,000 after buying an additional 3,558 shares during the period. Fortis Capital Advisors LLC lifted its position in EZCORP by 3,041.0% during the first quarter. Fortis Capital Advisors LLC now owns 3,675 shares of the credit services provider’s stock valued at $32,000 after buying an additional 3,558 shares during the period. Finally, UBS Group AG lifted its position in EZCORP by 2,053.5% during the third quarter. UBS Group AG now owns 4,307 shares of the credit services provider’s stock valued at $34,000 after buying an additional 4,107 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

EZCORP Company Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.