Brokerages Set EZCORP, Inc. (NASDAQ:EZPW) PT at $18.50

EZCORP, Inc. (NASDAQ:EZPW) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.50.

Several equities research analysts have recently commented on EZPW shares. BTIG Research started coverage on EZCORP in a research note on Wednesday, May 14th. They set a “neutral” rating on the stock. Wall Street Zen raised EZCORP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 14th. Stephens reissued an “equal weight” rating and set a $17.00 price target on shares of EZCORP in a research note on Tuesday, May 20th. Finally, Canaccord Genuity Group boosted their price target on EZCORP from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th.

Insider Buying and Selling

In other EZCORP news, COO John Blair Jr. Powell sold 3,500 shares of EZCORP stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $13.81, for a total value of $48,335.00. Following the completion of the sale, the chief operating officer directly owned 145,983 shares of the company’s stock, valued at approximately $2,016,025.23. The trade was a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 86,000 shares of company stock valued at $1,220,010. 2.13% of the stock is currently owned by insiders.

Institutional Trading of EZCORP

Hedge funds and other institutional investors have recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in EZCORP in the 2nd quarter worth approximately $31,000. GAMMA Investing LLC grew its stake in shares of EZCORP by 60.4% during the 1st quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider’s stock valued at $75,000 after buying an additional 1,906 shares during the period. National Bank of Canada FI purchased a new stake in shares of EZCORP during the 1st quarter valued at $91,000. Quarry LP grew its stake in shares of EZCORP by 652.4% during the 1st quarter. Quarry LP now owns 7,637 shares of the credit services provider’s stock valued at $112,000 after buying an additional 6,622 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of EZCORP during the 4th quarter valued at $122,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

EZCORP Price Performance

Shares of NASDAQ:EZPW opened at $13.32 on Monday. The company has a quick ratio of 3.25, a current ratio of 4.04 and a debt-to-equity ratio of 0.61. The company has a market cap of $732.73 million, a P/E ratio of 11.19 and a beta of 0.52. EZCORP has a 52 week low of $10.26 and a 52 week high of $16.60. The company has a 50-day moving average price of $13.57 and a 200 day moving average price of $13.93.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. EZCORP had a net margin of 7.45% and a return on equity of 11.53%. Research analysts predict that EZCORP will post 1.3 earnings per share for the current year.

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.