EZCORP (NASDAQ:EZPW) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of EZCORP (NASDAQ:EZPW) from a buy rating to a hold rating in a research report released on Tuesday.

Several other research firms have also recently issued reports on EZPW. Roth Capital set a $16.00 price objective on EZCORP in a research report on Monday, March 17th. Roth Mkm assumed coverage on shares of EZCORP in a research note on Monday, March 17th. They set a “buy” rating and a $16.00 price target on the stock. Stephens reiterated an “equal weight” rating and issued a $13.50 price objective on shares of EZCORP in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group boosted their price objective on shares of EZCORP from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EZCORP has a consensus rating of “Moderate Buy” and an average price target of $16.88.

EZCORP Stock Down 1.6 %

Shares of NASDAQ:EZPW opened at $15.25 on Tuesday. EZCORP has a fifty-two week low of $9.66 and a fifty-two week high of $16.35. The company has a quick ratio of 2.13, a current ratio of 2.91 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $13.87 and its 200-day simple moving average is $12.58. The company has a market cap of $837.82 million, a price-to-earnings ratio of 13.26 and a beta of 0.81.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share 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%. As a group, equities research analysts predict that EZCORP will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,554 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of EZCORP in the fourth quarter valued at about $122,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of EZCORP in the fourth quarter valued at approximately $138,000. LPL Financial LLC increased its stake in shares of EZCORP by 39.3% during the 4th quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider’s stock worth $176,000 after purchasing an additional 4,070 shares in the last quarter. Finally, Teza Capital Management LLC increased its stake in shares of EZCORP by 6.6% during the 4th quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider’s stock worth $176,000 after purchasing an additional 896 shares in the last quarter. Hedge funds and other institutional investors 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.