EZCORP, Inc. (NASDAQ:EZPW – Get Free Report)’s stock price was down 8.4% on Thursday. The stock traded as low as $29.57 and last traded at $30.4070. 458,158 shares were traded during trading, a decline of 49% from the average session volume of 891,093 shares. The stock had previously closed at $33.20.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Canaccord Genuity Group lifted their price objective on shares of EZCORP from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Jefferies Financial Group raised their target price on shares of EZCORP from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Wall Street Zen cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of EZCORP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of EZCORP from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.
Read Our Latest Research Report on EZCORP
EZCORP Stock Performance
The company has a quick ratio of 3.45, a current ratio of 4.81 and a debt-to-equity ratio of 0.44. The business has a 50 day simple moving average of $31.66 and a two-hundred day simple moving average of $31.62. The firm has a market cap of $1.76 billion, a PE ratio of 14.49 and a beta of 0.71.
EZCORP (NASDAQ:EZPW – Get Free Report) last issued its earnings results on Wednesday, August 5th. The credit services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $408.40 million during the quarter, compared to analyst estimates of $425.83 million. EZCORP had a net margin of 9.97% and a return on equity of 13.99%. As a group, equities research analysts forecast that EZCORP, Inc. will post 2.00 earnings per share for the current fiscal year.
Insider Transactions at EZCORP
In other EZCORP news, insider Ellen Bryant sold 30,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $34.77, for a total value of $1,043,100.00. Following the completion of the sale, the insider directly owned 117,786 shares of the company’s stock, valued at $4,095,419.22. The trade was a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.13% of the stock is currently owned by company insiders.
Institutional Trading of EZCORP
Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in EZCORP by 178.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 696,826 shares of the credit services provider’s stock worth $20,738,000 after purchasing an additional 446,343 shares in the last quarter. Empowered Funds LLC increased its stake in EZCORP by 50.6% during the 1st quarter. Empowered Funds LLC now owns 457,861 shares of the credit services provider’s stock valued at $11,621,000 after purchasing an additional 153,770 shares in the last quarter. Principal Financial Group Inc. increased its stake in EZCORP by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 282,923 shares of the credit services provider’s stock valued at $7,181,000 after purchasing an additional 9,363 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of EZCORP in the second quarter worth $6,452,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of EZCORP by 10.8% in the first quarter. Janney Montgomery Scott LLC now owns 193,627 shares of the credit services provider’s stock worth $4,914,000 after buying an additional 18,943 shares during the last quarter. 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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