EZCORP (NASDAQ:EZPW) Hits New 1-Year High – Here’s What Happened

EZCORP, Inc. (NASDAQ:EZPW)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $16.35 and last traded at $15.30, with a volume of 2291341 shares traded. The stock had previously closed at $14.72.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EZPW shares. Canaccord Genuity Group upped their price target on EZCORP from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Roth Mkm began coverage on shares of EZCORP in a report on Monday, March 17th. They set a “buy” rating and a $16.00 price objective on the stock. StockNews.com cut EZCORP from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Roth Capital set a $16.00 price objective on shares of EZCORP in a report on Monday, March 17th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $13.50 target price on shares of EZCORP in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.88.

EZCORP Stock Up 3.0 %

The company has a market capitalization of $866.94 million, a price-to-earnings ratio of 13.72 and a beta of 0.81. The firm’s 50 day moving average price is $13.64 and its two-hundred day moving average price is $12.45. The company has a current ratio of 2.91, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. Sell-side analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EZCORP

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 1,554 shares during the period. KLP Kapitalforvaltning AS bought a new stake in EZCORP during the fourth quarter worth $122,000. Sherbrooke Park Advisers LLC bought a new position in shares of EZCORP in the 4th quarter valued at $138,000. LPL Financial LLC grew its position in EZCORP by 39.3% in the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider’s stock valued at $176,000 after acquiring an additional 4,070 shares during the last quarter. Finally, Teza Capital Management LLC raised its stake in EZCORP by 6.6% during the fourth quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 896 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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.