EZCORP (NASDAQ:EZPW) Price Target Raised to $22.00

EZCORP (NASDAQ:EZPW) had its target price hoisted by equities research analysts at Canaccord Genuity Group from $19.00 to $22.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Canaccord Genuity Group’s target price indicates a potential upside of 64.86% from the stock’s previous close.

Separately, Stephens reissued an “equal weight” rating and issued a $13.50 price objective on shares of EZCORP in a research note on Thursday.

EZCORP Trading Up 8.0 %

Shares of EZPW stock traded up $0.99 on Friday, reaching $13.35. 1,328,641 shares of the stock were exchanged, compared to its average volume of 554,071. The firm has a 50 day moving average of $12.19 and a two-hundred day moving average of $11.69. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.28. EZCORP has a 1-year low of $9.65 and a 1-year high of $13.32. The stock has a market cap of $726.84 million, a P/E ratio of 12.05 and a beta of 1.01.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a net margin of 7.15% and a return on equity of 10.65%. On average, research analysts anticipate that EZCORP will post 1.26 EPS for the current year.

Insider Buying and Selling at EZCORP

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total value of $428,403.06. Following the transaction, the insider now owns 66,242 shares in the company, valued at approximately $822,725.64. This represents a 34.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Nicole Swies sold 10,000 shares of EZCORP stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the sale, the executive now directly owns 101,813 shares of the company’s stock, valued at $1,269,608.11. This trade represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. USA Financial Formulas bought a new position in shares of EZCORP during the 3rd quarter worth about $32,000. GAMMA Investing LLC boosted its holdings in shares of EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 1,554 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in EZCORP during the 3rd quarter worth approximately $106,000. nVerses Capital LLC increased its holdings in EZCORP by 640.0% during the 3rd quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 9,600 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of EZCORP during the third quarter worth $138,000. 99.83% of the stock is owned by institutional investors and hedge funds.

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.