EZCORP (NASDAQ:EZPW) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of EZCORP (NASDAQ:EZPW) in a research note issued to investors on Friday, Benzinga reports. The firm currently has a $19.00 price target on the credit services provider’s stock.

EZCORP Trading Up 4.1 %

EZCORP stock traded up $0.45 during mid-day trading on Friday, reaching $11.40. 407,712 shares of the company traded hands, compared to its average volume of 518,659. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.99. EZCORP has a 52-week low of $7.70 and a 52-week high of $12.23. The firm has a market capitalization of $626.34 million, a price-to-earnings ratio of 10.96 and a beta of 1.02. The firm’s 50 day moving average price is $11.27 and its 200 day moving average price is $10.76.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. EZCORP had a net margin of 6.87% and a return on equity of 10.64%. The company had revenue of $281.42 million for the quarter, compared to analysts’ expectations of $281.69 million. On average, analysts anticipate that EZCORP will post 1.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EZCORP

Several hedge funds have recently added to or reduced their stakes in EZPW. Quarry LP raised its position in shares of EZCORP by 169.1% in the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 2,976 shares during the last quarter. Innealta Capital LLC purchased a new position in EZCORP in the second quarter worth about $71,000. Allspring Global Investments Holdings LLC lifted its stake 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. Dark Forest Capital Management LP purchased a new stake in shares of EZCORP during the second quarter valued at approximately $163,000. Finally, ARS Investment Partners LLC increased its position in shares of EZCORP by 12.7% during the second quarter. ARS Investment Partners LLC now owns 16,874 shares of the credit services provider’s stock valued at $177,000 after acquiring an additional 1,899 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.