EZCORP (NASDAQ:EZPW) Sets New 12-Month High – Should You Buy?

by · The Cerbat Gem

Shares of EZCORP, Inc. (NASDAQ:EZPW – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $20.29 and last traded at $20.14, with a volume of 102344 shares changing hands. The stock had previously closed at $20.07.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EZPW shares. Citigroup reissued a “market outperform” rating on shares of EZCORP in a research report on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of EZCORP in a research note on Wednesday, October 8th. JMP Securities set a $23.00 price target on shares of EZCORP in a research report on Monday, November 3rd. Canaccord Genuity Group increased their price target on EZCORP from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Citizens Jmp began coverage on EZCORP in a research note on Monday, November 3rd. They issued a “market outperform” rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.50.

View Our Latest Analysis on EZCORP

EZCORP Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 5.61 and a quick ratio of 4.37. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 14.28 and a beta of 0.52. The business’s fifty day simple moving average is $18.43 and its 200 day simple moving average is $16.10.

EZCORP (NASDAQ:EZPW – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The credit services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $335.90 million for the quarter, compared to analyst estimates of $325.09 million. EZCORP had a net margin of 8.60% and a return on equity of 12.00%. On average, research analysts forecast that EZCORP, Inc. will post 1.3 EPS for the current year.

Insider Transactions at EZCORP

In other EZCORP news, Director Matthew W. Appel sold 9,038 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $18.02, for a total value of $162,864.76. Following the completion of the sale, the director owned 133,371 shares of the company’s stock, valued at approximately $2,403,345.42. This trade represents a 6.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of EZCORP during the third quarter valued at about $29,000. USA Financial Formulas bought a new position in EZCORP in the 2nd quarter valued at about $31,000. Covestor Ltd boosted its stake in EZCORP by 239.3% during the 3rd quarter. Covestor Ltd now owns 2,728 shares of the credit services provider’s stock valued at $52,000 after purchasing an additional 1,924 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in EZCORP by 15,019.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,175 shares of the credit services provider’s stock worth $60,000 after purchasing an additional 3,154 shares in the last quarter. Finally, CWM LLC increased its holdings in EZCORP by 126.3% during the 3rd quarter. CWM LLC now owns 3,422 shares of the credit services provider’s stock worth $65,000 after purchasing an additional 1,910 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

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.

See Also