EZCORP (NASDAQ:EZPW) Price Target Raised to $25.00

EZCORP (NASDAQ:EZPW) had its price objective raised by Canaccord Genuity Group from $24.00 to $25.00 in a research note published on Thursday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the credit services provider’s stock.

Several other research firms have also issued reports on EZPW. BTIG Research began coverage on shares of EZCORP in a report on Wednesday, May 14th. They set a “neutral” rating for the company. Roth Capital set a $16.00 price target on shares of EZCORP in a report on Monday, March 17th. Stephens restated an “equal weight” rating and set a $17.00 price target on shares of EZCORP in a report on Tuesday, May 20th. Roth Mkm began coverage on shares of EZCORP in a report on Monday, March 17th. They set a “buy” rating and a $16.00 price target for the company. Finally, Wall Street Zen upgraded shares of EZCORP from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 14th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, EZCORP has an average rating of “Buy” and an average target price of $18.50.

EZCORP Stock Up 2.7%

Shares of NASDAQ EZPW opened at $14.19 on Thursday. The company has a 50 day simple moving average of $13.71 and a 200 day simple moving average of $13.79. The firm has a market cap of $780.65 million, a PE ratio of 11.92 and a beta of 0.52. EZCORP has a 1 year low of $9.91 and a 1 year high of $16.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.04 and a quick ratio of 3.25.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $306.32 million during the quarter, compared to analyst estimates of $310.35 million. EZCORP had a net margin of 7.45% and a return on equity of 11.53%. On average, research analysts forecast that EZCORP will post 1.3 EPS for the current year.

Insider Buying and Selling at EZCORP

In other news, COO John Blair Jr. Powell sold 3,500 shares of EZCORP stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $13.81, for a total value of $48,335.00. Following the completion of the sale, the chief operating officer owned 145,983 shares in the company, valued at $2,016,025.23. The trade was a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 86,000 shares of company stock valued at $1,220,010. Insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

Several hedge funds have recently modified their holdings of EZPW. GAMMA Investing LLC increased its stake in shares of EZCORP by 60.4% in the 1st quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider’s stock valued at $75,000 after acquiring an additional 1,906 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of EZCORP in the 1st quarter valued at $91,000. Quarry LP increased its stake in shares of EZCORP by 652.4% in the 1st quarter. Quarry LP now owns 7,637 shares of the credit services provider’s stock valued at $112,000 after acquiring an additional 6,622 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of EZCORP in the 4th quarter valued at $122,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of EZCORP in the 4th quarter valued at $138,000. Institutional investors 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.