EZCORP (NASDAQ:EZPW) Stock Price Up 2.9% on Analyst Upgrade

EZCORP, Inc. (NASDAQ:EZPW)’s share price traded up 2.9% during trading on Tuesday after Canaccord Genuity Group raised their price target on the stock from $17.00 to $18.00. Canaccord Genuity Group currently has a buy rating on the stock. EZCORP traded as high as $11.16 and last traded at $11.13. 99,792 shares changed hands during trading, a decline of 81% from the average session volume of 531,767 shares. The stock had previously closed at $10.82.

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

Insider Activity

In other news, CRO Nicole Swies sold 2,250 shares of EZCORP stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $11.38, for a total value of $25,605.00. Following the completion of the transaction, the executive now owns 71,458 shares of the company’s stock, valued at approximately $813,192.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

Hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in EZCORP in the 1st quarter worth about $26,000. Tower Research Capital LLC TRC raised 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 in the last quarter. Belpointe Asset Management LLC raised 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 in the last quarter. Fortis Capital Advisors LLC raised 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 in the last quarter. Finally, UBS Group AG raised 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 in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Stock Up 4.1 %

The company has a current ratio of 4.00, a quick ratio of 3.08 and a debt-to-equity ratio of 0.42. The firm’s 50 day simple moving average is $10.68 and its two-hundred day simple moving average is $9.28. The firm has a market cap of $620.99 million, a price-to-earnings ratio of 17.87 and a beta of 1.15.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. The company had revenue of $299.99 million during 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%. On average, equities analysts forecast that EZCORP, Inc. will post 1.05 EPS for the current year.

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.