EZCORP, Inc. (NASDAQ:EZPW – Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $29.39 and traded as high as $29.70. EZCORP shares last traded at $29.55, with a volume of 671,937 shares.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on EZPW shares. Jefferies Financial Group upped their price objective on EZCORP from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Weiss Ratings cut EZCORP from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. Zacks Research downgraded shares of EZCORP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Wall Street Zen lowered shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Canaccord Genuity Group upped their price target on shares of EZCORP from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, EZCORP has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.
Read Our Latest Stock Report on EZPW
EZCORP Trading Down 2.0%
The business’s 50 day moving average price is $31.59 and its two-hundred day moving average price is $29.43. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 14.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.45 and a current ratio of 4.81.
EZCORP (NASDAQ:EZPW – Get Free Report) last released its earnings results on Wednesday, August 5th. The credit services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $408.40 million during the quarter, compared to the consensus estimate of $425.83 million. EZCORP had a return on equity of 13.99% and a net margin of 9.97%. Equities analysts forecast that EZCORP, Inc. will post 2.00 earnings per share for the current fiscal year.
Insider Buying and Selling at EZCORP
In related news, insider Ellen Bryant sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the completion of the transaction, the insider owned 117,786 shares of the company’s stock, valued at $4,095,419.22. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.13% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On EZCORP
Several large investors have recently made changes to their positions in the business. Americana Partners LLC lifted its stake in EZCORP by 0.8% during the third quarter. Americana Partners LLC now owns 47,705 shares of the credit services provider’s stock valued at $1,420,000 after purchasing an additional 387 shares during the last quarter. Trek Financial LLC increased its holdings in shares of EZCORP by 1.6% in the third quarter. Trek Financial LLC now owns 26,719 shares of the credit services provider’s stock valued at $795,000 after buying an additional 418 shares in the last quarter. Sigma Planning Corp lifted its position in shares of EZCORP by 3.9% during the 1st quarter. Sigma Planning Corp now owns 13,707 shares of the credit services provider’s stock valued at $348,000 after acquiring an additional 510 shares during the last quarter. Triumph Capital Management lifted its position in shares of EZCORP by 4.7% during the 2nd quarter. Triumph Capital Management now owns 14,324 shares of the credit services provider’s stock valued at $495,000 after acquiring an additional 642 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in shares of EZCORP during the 2nd quarter worth $31,000. Institutional investors own 99.83% of the company’s stock.
EZCORP Company Profile
EZCORP, Inc is a financial services and retail company that provides pawn loans and sells pre-owned merchandise. Through its pawn stores, the company offers short-term, collateral-based loans secured by personal property such as jewelry, electronics, tools and other consumer goods.
In addition to lending, EZCORP purchases and resells previously owned merchandise, giving customers access to used jewelry, electronics, tools, sporting goods and other products. Its retail operations also support the company’s pawn-lending model by providing a sales channel for collateral that is not redeemed.
EZCORP serves customers through stores operating under brands that include EZPAWN and Value Pawn in the United States, as well as related brands in Latin American markets.
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