EZCORP (NASDAQ:EZPW) Given New $22.00 Price Target at Canaccord Genuity Group

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

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

EZCORP Stock Performance

NASDAQ EZPW opened at $13.43 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71. EZCORP has a fifty-two week low of $9.65 and a fifty-two week high of $13.56. The stock’s fifty day moving average is $12.19 and its two-hundred day moving average is $11.69. The firm has a market capitalization of $731.46 million, a P/E ratio of 12.10 and a beta of 1.01.

EZCORP (NASDAQ:EZPW) last posted its earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. EZCORP had a net margin of 7.15% and a return on equity of 10.65%. On average, research analysts anticipate that EZCORP will post 1.26 earnings per share for the current year.

Insider Activity

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the company’s stock in a transaction 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. This represents a 34.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Nicole Swies sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the transaction, the executive now owns 101,813 shares of the company’s stock, valued at approximately $1,269,608.11. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

A number of institutional investors and hedge funds have recently bought and sold shares of EZPW. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of EZCORP in the third quarter valued at approximately $8,372,000. Charles Schwab Investment Management Inc. boosted its position in EZCORP by 449.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,539 shares of the credit services provider’s stock valued at $3,739,000 after buying an additional 272,815 shares during the period. Two Sigma Advisers LP grew its stake in EZCORP by 25.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider’s stock worth $11,320,000 after purchasing an additional 201,700 shares in the last quarter. Invenomic Capital Management LP purchased a new stake in EZCORP during the 3rd quarter worth about $2,122,000. Finally, Raymond James Financial Inc. purchased a new stake in EZCORP during the 4th quarter worth about $1,860,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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.