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

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

A number of other research firms also recently weighed in on EZPW. StockNews.com downgraded shares of EZCORP from a strong-buy rating to a buy rating in a research note on Friday, March 29th. TheStreet raised shares of EZCORP from a c+ rating to a b- rating in a research note on Thursday, February 15th.

EZCORP Price Performance

Shares of EZPW stock opened at $10.32 on Friday. EZCORP has a 1 year low of $7.70 and a 1 year high of $11.52. The firm’s 50 day moving average is $10.81 and its 200-day moving average is $9.55. The firm has a market capitalization of $569.15 million, a price-to-earnings ratio of 9.92 and a beta of 1.13. 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 announced its earnings results on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. EZCORP had a net margin of 7.05% and a return on equity of 10.55%. The company had revenue of $285.64 million for the quarter, compared to analyst estimates of $287.59 million. During the same period in the prior year, the business earned $0.23 earnings per share. Sell-side analysts forecast that EZCORP will post 1.11 EPS for the current fiscal year.

Insider Activity

In other news, CRO Nicole Swies sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 $813,192.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings in EZCORP by 8.2% during the first quarter. Empowered Funds LLC now owns 286,185 shares of the credit services provider’s stock worth $3,242,000 after purchasing an additional 21,667 shares during the last quarter. Quantbot Technologies LP boosted its holdings in EZCORP by 82.4% during the first quarter. Quantbot Technologies LP now owns 26,781 shares of the credit services provider’s stock worth $303,000 after purchasing an additional 12,097 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in EZCORP during the first quarter worth $525,000. BNP Paribas Financial Markets boosted its holdings in EZCORP by 169.8% during the first quarter. BNP Paribas Financial Markets now owns 261,337 shares of the credit services provider’s stock worth $2,961,000 after purchasing an additional 164,489 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in EZCORP during the first quarter worth $270,000. Institutional investors and hedge funds 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.