EZCORP (NASDAQ:EZPW) Price Target Raised to $18.00

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

A number of other analysts have also weighed in on EZPW. TheStreet upgraded shares of EZCORP from a c+ rating to a b- rating in a research note on Thursday, February 15th. StockNews.com lowered shares of EZCORP from a strong-buy rating to a buy rating in a research note on Friday, March 29th.

EZCORP Stock Down 0.9 %

NASDAQ:EZPW opened at $10.96 on Tuesday. The firm has a market cap of $604.17 million, a P/E ratio of 17.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.08 and a current ratio of 4.00. EZCORP has a fifty-two week low of $7.70 and a fifty-two week high of $11.40. The firm has a 50-day simple moving average of $10.72 and a two-hundred day simple moving average of $9.30.

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

Insider Transactions at EZCORP

In other news, CRO Nicole Swies sold 2,250 shares of EZCORP stock in a transaction that occurred on 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 sale, the executive now directly 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 accessible through this hyperlink. Company insiders own 2.13% of the company’s stock.

Hedge Funds Weigh In On EZCORP

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP boosted its holdings in shares of EZCORP by 2.4% in the first quarter. Wasatch Advisors LP now owns 2,593,128 shares of the credit services provider’s stock worth $29,380,000 after buying an additional 60,329 shares during the last quarter. Allspring Global Investments Holdings LLC boosted 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 during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of EZCORP by 33.5% in the first quarter. Salem Investment Counselors Inc. now owns 48,335 shares of the credit services provider’s stock worth $548,000 after buying an additional 12,135 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of EZCORP by 14.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 271,091 shares of the credit services provider’s stock worth $2,369,000 after buying an additional 34,819 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of EZCORP by 2.7% in the fourth quarter. GSA Capital Partners LLP now owns 162,558 shares of the credit services provider’s stock worth $1,421,000 after buying an additional 4,204 shares during the last quarter. Hedge funds and other 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.