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

EZCORP (NASDAQ:EZPW) had its target price boosted by Canaccord Genuity Group from $19.00 to $22.00 in a research report released on Friday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the credit services provider’s stock.

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

EZCORP Price Performance

EZPW opened at $13.43 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 1.99. The stock has a market capitalization of $731.53 million, a P/E ratio of 11.68 and a beta of 1.01. The company’s 50 day simple moving average is $12.21 and its 200-day simple moving average is $11.73. EZCORP has a one year low of $9.65 and a one year high of $13.56.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. Sell-side analysts anticipate that EZCORP will post 1.26 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of EZCORP

Several hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new position in EZCORP in the third quarter valued at about $32,000. GAMMA Investing LLC grew its position 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 valued at $39,000 after purchasing an additional 1,554 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in EZCORP during the 3rd quarter worth approximately $106,000. nVerses Capital LLC raised 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 worth $124,000 after buying an additional 9,600 shares during the period. Finally, Stephens Inc. AR bought a new position in EZCORP in the third quarter valued at approximately $138,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

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.