Canaccord Genuity Group Raises EZCORP (NASDAQ:EZPW) Price Target to $18.00

EZCORP (NASDAQ:EZPW) had its price objective hoisted by Canaccord Genuity Group from $17.00 to $18.00 in a report issued on Tuesday, Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

EZPW has been the subject of several other research reports. StockNews.com lowered EZCORP from a strong-buy rating to a buy rating in a research report on Friday, March 29th. TheStreet raised EZCORP from a c+ rating to a b- rating in a research report on Thursday, February 15th.

EZCORP Stock Performance

NASDAQ:EZPW opened at $11.26 on Tuesday. The stock has a market cap of $620.99 million, a P/E ratio of 17.87 and a beta of 1.15. The firm’s fifty day simple moving average is $10.68 and its 200 day simple moving average is $9.28. EZCORP has a twelve month low of $7.70 and a twelve month high of $11.40. The company has a quick ratio of 3.08, a current ratio of 4.00 and a debt-to-equity ratio of 0.42.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of EZCORP during the 1st quarter valued at approximately $26,000. Tower Research Capital LLC TRC boosted its stake in EZCORP by 128.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,418 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 1,924 shares during the period. Belpointe Asset Management LLC boosted its stake in EZCORP by 3,041.0% in the 1st quarter. Belpointe Asset Management LLC now owns 3,675 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 3,558 shares during the period. Fortis Capital Advisors LLC boosted its stake in EZCORP by 3,041.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,675 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 3,558 shares during the period. Finally, UBS Group AG boosted its stake in EZCORP by 2,053.5% in the 3rd quarter. UBS Group AG now owns 4,307 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 4,107 shares during the period. 99.83% of the stock is currently owned by institutional investors.

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.