Zacks Research lowered shares of EZCORP (NASDAQ:EZPW – Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.
EZPW has been the subject of a number of other research reports. Canaccord Genuity Group set a $44.00 price target on shares of EZCORP in a report on Friday, May 8th. Citigroup restated an “outperform” rating on shares of EZCORP in a research report on Monday, May 11th. Jefferies Financial Group increased their target price on shares of EZCORP from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen cut EZCORP from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Citizens Jmp upped their price objective on EZCORP from $33.00 to $39.00 and gave the company a “market outperform” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.80.
Get Our Latest Research Report on EZCORP
EZCORP Stock Down 9.3%
EZCORP (NASDAQ:EZPW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.22. EZCORP had a net margin of 9.91% and a return on equity of 13.45%. The company had revenue of $434.90 million for the quarter. As a group, equities analysts expect that EZCORP will post 2 earnings per share for the current fiscal year.
Insider Transactions at EZCORP
In other news, Director Jason A. Kulas sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.56, for a total transaction of $671,200.00. Following the transaction, the director directly owned 172,948 shares in the company, valued at approximately $5,804,134.88. This trade represents a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo Lagos Espinosa sold 10,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $32.00, for a total transaction of $320,000.00. Following the transaction, the director owned 217,543 shares in the company, valued at approximately $6,961,376. This represents a 4.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.13% of the company’s stock.
Institutional Trading of EZCORP
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sigma Planning Corp raised its position in shares of EZCORP by 3.9% in the 1st quarter. Sigma Planning Corp now owns 13,707 shares of the credit services provider’s stock worth $348,000 after acquiring an additional 510 shares in the last quarter. Arizona State Retirement System boosted its position in EZCORP by 3.7% during the fourth quarter. Arizona State Retirement System now owns 15,960 shares of the credit services provider’s stock valued at $310,000 after purchasing an additional 569 shares in the last quarter. Rhumbline Advisers boosted its position in EZCORP by 0.9% during the second quarter. Rhumbline Advisers now owns 73,064 shares of the credit services provider’s stock valued at $1,014,000 after purchasing an additional 648 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in EZCORP by 3.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,173 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 685 shares during the last quarter. Finally, CWM LLC grew its stake in EZCORP by 21.2% in the fourth quarter. CWM LLC now owns 4,146 shares of the credit services provider’s stock valued at $81,000 after purchasing an additional 724 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.
EZCORP Company Profile
EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.
Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.
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