EZCORP (NASDAQ:EZPW) Receives Equal Weight Rating from Stephens

Stephens reaffirmed their equal weight rating on shares of EZCORP (NASDAQ:EZPW) in a report published on Tuesday morning,Benzinga reports. They currently have a $17.00 target price on the credit services provider’s stock.

A number of other research firms also recently commented on EZPW. Roth Mkm initiated coverage on shares of EZCORP in a report on Monday, March 17th. They issued a “buy” rating and a $16.00 price objective for the company. BTIG Research started coverage on EZCORP in a research report on Wednesday, May 14th. They issued a “neutral” rating for the company. StockNews.com raised EZCORP from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Roth Capital set a $16.00 price objective on EZCORP in a research report on Monday, March 17th. Finally, Canaccord Genuity Group dropped their target price on EZCORP from $25.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.25.

EZCORP Stock Down 1.4%

NASDAQ EZPW opened at $13.71 on Tuesday. The business has a fifty day moving average price of $15.08 and a 200 day moving average price of $13.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91. The company has a market cap of $754.24 million, a P/E ratio of 11.92 and a beta of 0.59. EZCORP has a one year low of $9.66 and a one year high of $16.60.

EZCORP (NASDAQ:EZPW) last released its earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $306.32 million during the quarter, compared to analyst estimates of $310.35 million. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. Research analysts anticipate that EZCORP will post 1.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EZPW. Divisadero Street Capital Management LP grew its holdings in shares of EZCORP by 1,699.2% during the 4th quarter. Divisadero Street Capital Management LP now owns 1,246,445 shares of the credit services provider’s stock worth $15,232,000 after purchasing an additional 1,177,166 shares during the period. Boston Partners raised its holdings in EZCORP by 289.7% in the 1st quarter. Boston Partners now owns 1,569,488 shares of the credit services provider’s stock valued at $23,499,000 after buying an additional 1,166,758 shares during the period. Fourth Sail Capital LP lifted its position in EZCORP by 503.6% in the first quarter. Fourth Sail Capital LP now owns 957,262 shares of the credit services provider’s stock valued at $14,091,000 after buying an additional 798,679 shares during the last quarter. Invenomic Capital Management LP boosted its stake in EZCORP by 317.1% during the fourth quarter. Invenomic Capital Management LP now owns 789,768 shares of the credit services provider’s stock worth $9,651,000 after buying an additional 600,435 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of EZCORP during the first quarter valued at about $8,310,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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.