EZCORP (NASDAQ:EZPW) Coverage Initiated at Stephens

Research analysts at Stephens began coverage on shares of EZCORP (NASDAQ:EZPW) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $13.00 price target on the credit services provider’s stock. Stephens’ price objective indicates a potential upside of 8.15% from the stock’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a $19.00 price target on shares of EZCORP in a report on Friday, October 4th.

EZCORP Trading Up 1.4 %

NASDAQ:EZPW opened at $12.02 on Wednesday. The business’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $10.88. EZCORP has a fifty-two week low of $7.72 and a fifty-two week high of $12.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.99. The stock has a market capitalization of $657.97 million, a PE ratio of 10.83 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EZPW. USA Financial Formulas acquired a new stake in EZCORP in the 3rd quarter valued at approximately $32,000. Quarry LP raised its holdings in shares of EZCORP by 169.1% in the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 2,976 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of EZCORP in the second quarter worth $71,000. Allspring Global Investments Holdings LLC acquired a new position in EZCORP during the third quarter worth $106,000. Finally, nVerses Capital LLC grew its position in EZCORP by 640.0% in the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 9,600 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

About EZCORP

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.