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

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

Other research analysts also recently issued research reports about the company. StockNews.com downgraded EZCORP from a strong-buy rating to a buy rating in a report on Friday, March 29th. TheStreet upgraded EZCORP from a c+ rating to a b- rating in a report on Thursday, February 15th.

EZCORP Stock Up 2.2 %

EZPW stock opened at $11.20 on Tuesday. EZCORP has a fifty-two week low of $7.70 and a fifty-two week high of $11.40. The business’s 50 day moving average price is $10.74 and its two-hundred day moving average price is $9.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.08 and a current ratio of 4.00. The company has a market capitalization of $617.68 million, a price-to-earnings ratio of 17.78 and a beta of 1.15.

EZCORP (NASDAQ:EZPW) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. EZCORP had a return on equity of 10.37% and a net margin of 4.62%. The firm had revenue of $299.99 million for the quarter, compared to the consensus estimate of $303.66 million. As a group, analysts forecast 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 the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $11.38, for a total value of $25,605.00. Following the sale, the executive now directly 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 the SEC website. Insiders own 2.13% of the company’s stock.

Hedge Funds Weigh In On EZCORP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EZPW. JPMorgan Chase & Co. lifted its position in EZCORP by 1,424.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,162,429 shares of the credit services provider’s stock valued at $9,997,000 after acquiring an additional 1,086,185 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in EZCORP in the 1st quarter valued at approximately $9,297,000. Millennium Management LLC lifted its position in EZCORP by 1,960.2% in the 4th quarter. Millennium Management LLC now owns 789,432 shares of the credit services provider’s stock valued at $6,434,000 after acquiring an additional 751,114 shares in the last quarter. Fourth Sail Capital LP bought a new position in EZCORP in the 4th quarter valued at approximately $5,173,000. Finally, Azarias Capital Management L.P. lifted its position in EZCORP by 104.5% in the 3rd quarter. Azarias Capital Management L.P. now owns 985,625 shares of the credit services provider’s stock valued at $8,131,000 after acquiring an additional 503,710 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

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.