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

EZCORP (NASDAQ:EZPW) had its target price reduced by equities researchers at Canaccord Genuity Group from $18.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 62.99% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of EZCORP from a “c+” rating to a “b-” rating in a report on Thursday, February 15th. StockNews.com cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 29th.

EZCORP Price Performance

Shares of NASDAQ:EZPW opened at $10.43 on Friday. 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 has a debt-to-equity ratio of 0.41, a current ratio of 4.17 and a quick ratio of 3.08. EZCORP has a 12 month low of $7.70 and a 12 month high of $11.52. The stock’s 50 day moving average price is $10.82 and its 200 day moving average price is $9.53.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $285.64 million for the quarter, compared to analysts’ expectations of $287.59 million. EZCORP had a return on equity of 10.55% and a net margin of 7.05%. During the same period last year, the firm earned $0.23 EPS. Equities research analysts anticipate that EZCORP will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at EZCORP

In related news, CRO Nicole Swies sold 2,250 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.38, for a total value of $25,605.00. Following the completion of the transaction, the executive now owns 71,458 shares in the company, valued at approximately $813,192.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.13% of the stock is owned by insiders.

Institutional Investors Weigh In On EZCORP

Hedge funds have recently made changes to their positions in the company. Fourth Sail Capital LP purchased a new position in EZCORP during the 4th quarter worth approximately $5,173,000. Penn Capital Management Company LLC purchased a new position in shares of EZCORP during the fourth quarter valued at $4,290,000. Boston Partners raised its position in EZCORP by 83.6% during the third quarter. Boston Partners now owns 782,652 shares of the credit services provider’s stock valued at $6,457,000 after buying an additional 356,320 shares during the period. Assenagon Asset Management S.A. raised its position in EZCORP by 48.0% during the first quarter. Assenagon Asset Management S.A. now owns 1,011,204 shares of the credit services provider’s stock valued at $11,457,000 after buying an additional 327,912 shares during the period. Finally, Wasatch Advisors LP lifted its stake in EZCORP by 9.9% in the 4th quarter. Wasatch Advisors LP now owns 2,532,799 shares of the credit services provider’s stock worth $22,137,000 after acquiring an additional 228,013 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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.