Stephens Reaffirms “Equal Weight” Rating for EZCORP (NASDAQ:EZPW)

EZCORP (NASDAQ:EZPW)‘s stock had its “equal weight” rating reaffirmed by Stephens in a research note issued on Thursday,Benzinga reports. They currently have a $13.50 price target on the credit services provider’s stock. Stephens’ price target would suggest a potential upside of 7.48% from the stock’s current price.

EZCORP Trading Up 2.6 %

NASDAQ EZPW opened at $12.56 on Thursday. The company has a 50 day moving average price of $12.20 and a 200 day moving average price of $11.68. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.28. EZCORP has a 52 week low of $9.65 and a 52 week high of $12.85. The firm has a market cap of $684.14 million, a PE ratio of 11.11 and a beta of 1.01.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a net margin of 7.15% and a return on equity of 10.65%. As a group, sell-side analysts forecast that EZCORP will post 1.26 EPS for the current fiscal year.

Insider Activity

In related news, CRO Nicole Swies sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the completion of the sale, the executive now owns 101,813 shares of the company’s stock, valued at $1,269,608.11. This represents a 8.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total value of $428,403.06. Following the transaction, the insider now directly owns 66,242 shares of the company’s stock, valued at approximately $822,725.64. The trade was a 34.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.13% of the company’s stock.

Hedge Funds Weigh In On EZCORP

A number of large investors have recently made changes to their positions in the business. USA Financial Formulas bought a new position in shares of EZCORP during the 3rd quarter worth approximately $32,000. GAMMA Investing LLC grew its holdings in EZCORP by 97.0% during the fourth 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. Allspring Global Investments Holdings LLC bought a new position in shares of EZCORP during the 3rd quarter valued at about $106,000. nVerses Capital LLC increased its position in shares of EZCORP by 640.0% during the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock worth $124,000 after acquiring an additional 9,600 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in shares of EZCORP in the 3rd quarter valued at about $138,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

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.