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

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

A number of other brokerages have also issued reports on EZPW. StockNews.com lowered shares of EZCORP from a strong-buy rating to a buy rating in a research note on Friday, March 29th. TheStreet upgraded shares of EZCORP from a c+ rating to a b- rating in a research note on Thursday, February 15th.

EZCORP Trading Down 1.0 %

Shares of EZPW stock opened at $10.43 on Friday. EZCORP has a twelve month low of $7.70 and a twelve month high of $11.52. The stock has a market cap of $575.21 million, a price-to-earnings ratio of 10.03 and a beta of 1.13. The company’s 50-day moving average price is $10.82 and its 200-day moving average price is $9.54. The company has a current ratio of 4.17, a quick ratio of 3.23 and a debt-to-equity ratio of 0.41.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $0.28 EPS 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 in the previous year, the company earned $0.23 EPS. As a group, equities analysts predict that EZCORP will post 1.11 earnings per share for the current year.

Insider Transactions at EZCORP

In related news, CRO Nicole Swies sold 2,250 shares of EZCORP stock in a transaction on Monday, April 1st. The shares were sold at an average price of $11.38, for a total transaction of $25,605.00. Following the sale, the executive now directly owns 71,458 shares in the company, valued at approximately $813,192.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EZPW. DekaBank Deutsche Girozentrale purchased a new position in shares of EZCORP in the 3rd quarter valued at approximately $90,000. Allspring Global Investments Holdings LLC lifted its position in shares of EZCORP by 63.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 4,451 shares during the period. AXQ Capital LP purchased a new stake in shares of EZCORP in the 3rd quarter worth about $112,000. Corton Capital Inc. acquired a new stake in EZCORP during the 3rd quarter valued at $123,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of EZCORP in the fourth quarter valued at approximately $158,000. Hedge funds and other 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.