Canaccord Genuity Group Boosts EZCORP (NASDAQ:EZPW) Price Target to $25.00

EZCORP (NASDAQ:EZPW - Get Free Report) had its price objective increased by investment analysts at Canaccord Genuity Group from $24.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the credit services provider's stock. Canaccord Genuity Group's price objective would indicate a potential upside of 80.90% from the company's current price.

Other equities research analysts have also issued reports about the stock. Stephens reaffirmed an "equal weight" rating and set a $17.00 price objective on shares of EZCORP in a report on Tuesday, May 20th. Roth Capital set a $16.00 target price on shares of EZCORP in a report on Monday, March 17th. BTIG Research began coverage on shares of EZCORP in a report on Wednesday, May 14th. They issued a "neutral" rating for the company. Roth Mkm started coverage on shares of EZCORP in a report on Monday, March 17th. They issued a "buy" rating and a $16.00 target price for the company. Finally, Wall Street Zen upgraded EZCORP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, EZCORP presently has a consensus rating of "Buy" and an average price target of $18.50.

EZCORP Stock Performance

EZCORP stock traded up $0.43 during midday trading on Thursday, hitting $13.82. The stock had a trading volume of 1,320,016 shares, compared to its average volume of 778,052. The firm's fifty day moving average is $13.77 and its two-hundred day moving average is $13.74. The company has a market capitalization of $760.29 million, a PE ratio of 11.61 and a beta of 0.52. EZCORP has a 52-week low of $9.71 and a 52-week high of $16.60. The company has a current ratio of 4.04, a quick ratio of 3.25 and a debt-to-equity ratio of 0.61.

EZCORP (NASDAQ:EZPW - Get Free Report) last released its earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $306.32 million during the quarter, compared to analyst estimates of $310.35 million. EZCORP had a net margin of 7.45% and a return on equity of 11.53%. On average, research analysts forecast that EZCORP will post 1.3 EPS for the current year.

Insider Buying and Selling at EZCORP

In related news, COO John Blair Jr. Powell sold 3,500 shares of EZCORP stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $13.81, for a total value of $48,335.00. Following the completion of the sale, the chief operating officer directly owned 145,983 shares in the company, valued at $2,016,025.23. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 86,000 shares of company stock worth $1,220,010 in the last ninety days. 2.13% of the stock is currently owned by company insiders.

Institutional Trading of EZCORP

Institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its stake in EZCORP by 4.9% in the second quarter. Exchange Traded Concepts LLC now owns 224,252 shares of the credit services provider's stock valued at $3,113,000 after purchasing an additional 10,571 shares during the last quarter. Triumph Capital Management purchased a new position in EZCORP in the second quarter valued at about $398,000. Voya Investment Management LLC grew its stake in EZCORP by 67.3% in the first quarter. Voya Investment Management LLC now owns 108,879 shares of the credit services provider's stock valued at $1,603,000 after purchasing an additional 43,786 shares during the last quarter. Ellsworth Advisors LLC purchased a new position in EZCORP in the first quarter valued at about $549,000. Finally, Intech Investment Management LLC purchased a new position in EZCORP in the first quarter valued at about $1,646,000. 99.83% of the stock is currently owned by institutional investors.

EZCORP Company Profile

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.

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