Canaccord Genuity Group Lowers EZCORP (NASDAQ:EZPW) Price Target to $17.00

EZCORP (NASDAQ:EZPW) had its price objective lowered by Canaccord Genuity Group from $18.00 to $17.00 in a research note published on Friday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the credit services provider’s stock.

Several other research firms have also weighed in on EZPW. TheStreet upgraded EZCORP from a c+ rating to a b- rating in a report on Thursday, February 15th. StockNews.com downgraded EZCORP from a strong-buy rating to a buy rating in a research note on Friday, March 29th.

EZCORP Stock Down 1.0 %

EZPW stock traded down $0.11 during mid-day trading on Friday, hitting $10.43. The stock had a trading volume of 936,935 shares, compared to its average volume of 619,537. EZCORP has a 1-year low of $7.70 and a 1-year high of $11.52. The company has a fifty day moving average of $10.82 and a 200 day moving average of $9.52. The company has a current ratio of 4.17, a quick ratio of 3.08 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $575.21 million, a price-to-earnings ratio of 10.03 and a beta of 1.13.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. EZCORP had a net margin of 7.05% and a return on equity of 10.55%. The firm had revenue of $285.64 million for the quarter, compared to analyst estimates of $287.59 million. During the same quarter last year, the firm earned $0.23 earnings per share. On average, equities analysts expect that EZCORP will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CRO Nicole Swies sold 2,250 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $11.38, for a total transaction of $25,605.00. Following the completion of the transaction, the executive now owns 71,458 shares of the company’s stock, valued at approximately $813,192.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 bought and sold shares of the stock. Jacobs Levy Equity Management Inc. grew its holdings in shares of EZCORP by 25.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 710,295 shares of the credit services provider’s stock worth $5,860,000 after purchasing an additional 144,641 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of EZCORP by 149.0% in the 3rd quarter. Hsbc Holdings PLC now owns 56,325 shares of the credit services provider’s stock valued at $462,000 after buying an additional 33,701 shares in the last quarter. Barclays PLC lifted its holdings in shares of EZCORP by 40.7% during the 3rd quarter. Barclays PLC now owns 100,413 shares of the credit services provider’s stock worth $829,000 after acquiring an additional 29,050 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of EZCORP during the 3rd quarter valued at about $90,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of EZCORP by 28.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 664,019 shares of the credit services provider’s stock valued at $5,478,000 after acquiring an additional 145,068 shares in the last quarter. Institutional investors 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.