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

EZCORP (NASDAQ:EZPW) had its target price trimmed by Canaccord Genuity Group from $18.00 to $17.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the credit services provider’s stock.

Several other equities research analysts also recently commented on EZPW. StockNews.com lowered shares of EZCORP from a strong-buy rating to a buy rating in a research report on Friday, March 29th. TheStreet upgraded shares of EZCORP from a c+ rating to a b- rating in a research report on Thursday, February 15th.

EZCORP Stock Performance

NASDAQ EZPW opened at $10.32 on Friday. EZCORP has a 1 year low of $7.70 and a 1 year high of $11.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.17 and a quick ratio of 3.23. The firm has a market cap of $569.15 million, a price-to-earnings ratio of 9.92 and a beta of 1.13. The company has a fifty day moving average price of $10.81 and a 200-day moving average price of $9.55.

EZCORP (NASDAQ:EZPW) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 7.05% and a return on equity of 10.55%. During the same quarter in the prior year, the business posted $0.23 EPS. As a group, equities research analysts predict that EZCORP will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other EZCORP news, CRO Nicole Swies sold 2,250 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $11.38, for a total transaction of $25,605.00. Following the completion of the transaction, the executive now owns 71,458 shares in the company, valued at $813,192.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On EZCORP

Institutional investors and hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of EZCORP in the third quarter worth about $90,000. AXQ Capital LP purchased a new stake in shares of EZCORP in the third quarter worth about $112,000. Corton Capital Inc. purchased a new stake in shares of EZCORP in the third quarter worth about $123,000. Allspring Global Investments Holdings LLC lifted its holdings 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 buying an additional 4,451 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of EZCORP in the fourth quarter worth about $158,000. 99.83% of the stock is owned by hedge funds and other 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.