Canaccord Genuity Group Cuts EZCORP (NASDAQ:EZPW) Price Target to $17.00

EZCORP (NASDAQ:EZPW) had its price target cut by research analysts at Canaccord Genuity Group from $18.00 to $17.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 62.99% from the company’s current price.

A number of other analysts have also recently weighed in on the company. TheStreet raised EZCORP from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. StockNews.com downgraded shares of EZCORP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 29th.

EZCORP Stock Down 1.0 %

Shares of EZPW traded down $0.11 during mid-day trading on Friday, hitting $10.43. 878,435 shares of the company’s stock were exchanged, compared to its average volume of 558,856. The company has a market cap of $575.21 million, a price-to-earnings ratio of 10.03 and a beta of 1.13. EZCORP has a fifty-two week low of $7.70 and a fifty-two week high of $11.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.08 and a current ratio of 4.00. The stock’s 50-day moving average is $10.82 and its 200-day moving average is $9.52.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $285.64 million during the quarter, compared to analyst estimates of $287.59 million. EZCORP had a return on equity of 10.71% and a net margin of 7.05%. During the same period last year, the business posted $0.23 earnings per share. On average, sell-side analysts anticipate that EZCORP will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling at EZCORP

In other news, CRO Nicole Swies sold 2,250 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $11.38, for a total value of $25,605.00. Following the transaction, the executive now directly owns 71,458 shares in the company, valued at approximately $813,192.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.13% of the stock is owned by company insiders.

Institutional Trading of EZCORP

A number of institutional investors and hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new position in shares of EZCORP during the third quarter worth about $90,000. AXQ Capital LP acquired a new position in shares of EZCORP during the third quarter worth approximately $112,000. Corton Capital Inc. acquired a new position in EZCORP during the 3rd quarter worth $123,000. Allspring Global Investments Holdings LLC grew its stake in shares of EZCORP by 63.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 4,451 shares in the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of EZCORP during the fourth quarter valued at about $158,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

About EZCORP

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.