EZCORP (NASDAQ:EZPW) Sees Large Volume Increase Following Analyst Upgrade

EZCORP, Inc. (NASDAQ:EZPWGet Free Report) saw an uptick in trading volume on Friday after Canaccord Genuity Group raised their price target on the stock from $19.00 to $22.00. Canaccord Genuity Group currently has a buy rating on the stock. 1,000,430 shares traded hands during trading, an increase of 89% from the previous session’s volume of 529,603 shares.The stock last traded at $13.21 and had previously closed at $12.36.

Separately, Stephens reaffirmed an “equal weight” rating and set a $13.50 price objective on shares of EZCORP in a report on Thursday.

View Our Latest Report on EZPW

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. lifted its stake in EZCORP by 32.5% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 271,393 shares of the credit services provider’s stock valued at $3,316,000 after buying an additional 66,528 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of EZCORP during the fourth quarter valued at $1,860,000. Aigen Investment Management LP increased its position in EZCORP by 11.8% during the 4th quarter. Aigen Investment Management LP now owns 19,800 shares of the credit services provider’s stock worth $242,000 after purchasing an additional 2,088 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of EZCORP by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 343,445 shares of the credit services provider’s stock valued at $4,197,000 after purchasing an additional 9,906 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in EZCORP by 47.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 19,753 shares of the credit services provider’s stock valued at $241,000 after purchasing an additional 6,360 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

EZCORP Trading Up 8.7 %

The business has a 50 day simple moving average of $12.19 and a 200-day simple moving average of $11.69. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $731.46 million, a price-to-earnings ratio of 12.10 and a beta of 1.01.

EZCORP (NASDAQ:EZPWGet Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share 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%. On average, equities analysts predict that EZCORP, Inc. will post 1.26 earnings per share for the current year.

About EZCORP

(Get Free Report)

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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