Ezcorp Inc. (EZPW) Trading 2.7% Higher on Analyst Upgrade
Ezcorp Inc. (NASDAQ:EZPW) shares were up 2.7% during mid-day trading on Wednesday after Jefferies Group raised their price target on the stock from $9.00 to $11.00. Jefferies Group currently has a hold rating on the stock. Ezcorp traded as high as $10.90 and last traded at $10.90, with a volume of 216,734 shares. The stock had previously closed at $10.61.
Other research analysts have also recently issued reports about the company. CL King raised Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 price objective for the company in a research report on Wednesday, August 17th. Zacks Investment Research raised Ezcorp from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, August 12th. Finally, Wells Fargo & Co. raised Ezcorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $11.08.
Several hedge funds have recently made changes to their positions in EZPW. Smith Asset Management Group LP purchased a new stake in shares of Ezcorp during the second quarter worth about $441,000. Dynamic Technology Lab Private Ltd bought a new stake in Ezcorp during the second quarter valued at approximately $190,000. Renaissance Technologies LLC increased its stake in Ezcorp by 142.7% in the first quarter. Renaissance Technologies LLC now owns 271,118 shares of the company’s stock valued at $805,000 after buying an additional 159,391 shares in the last quarter. Menta Capital LLC increased its stake in Ezcorp by 13.1% in the first quarter. Menta Capital LLC now owns 159,081 shares of the company’s stock valued at $472,000 after buying an additional 18,400 shares in the last quarter. Finally, Nantahala Capital Management LLC bought a new stake in Ezcorp during the first quarter valued at approximately $1,675,000. 79.56% of the stock is owned by hedge funds and other institutional investors.
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The company’s 50 day moving average is $10.30 and its 200-day moving average is $7.66. The company’s market capitalization is $588.93 million.
Ezcorp (NASDAQ:EZPW) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. Ezcorp had a negative return on equity of 3.34% and a negative net margin of 23.29%. On average, analysts predict that Ezcorp Inc. will post ($1.57) earnings per share for the current year.
Ezcorp Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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