EZCORP (NASDAQ:EZPW) Sees Strong Trading Volume – Here’s Why

by · The Cerbat Gem

Shares of EZCORP, Inc. (NASDAQ:EZPW – Get Free Report) saw an uptick in trading volume on Wednesday . 437,138 shares were traded during trading, a decline of 20% from the previous session’s volume of 546,984 shares.The stock last traded at $15.70 and had previously closed at $15.52.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stephens reissued an “equal weight” rating and issued a $13.50 price objective on shares of EZCORP in a research note on Thursday, February 6th. StockNews.com lowered EZCORP from a “buy” rating to a “hold” rating in a research note on Saturday. Canaccord Genuity Group boosted their price objective on EZCORP from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Roth Mkm assumed coverage on EZCORP in a research report on Monday, March 17th. They set a “buy” rating and a $16.00 target price for the company. Finally, Roth Capital set a $16.00 price target on EZCORP in a research note on Monday, March 17th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.88.

View Our Latest Report on EZPW

EZCORP Price Performance

The company has a current ratio of 2.91, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $13.52 and a 200-day moving average of $12.41. The stock has a market capitalization of $842.32 million, a P/E ratio of 13.33 and a beta of 0.89.

EZCORP (NASDAQ:EZPW – Get Free Report) last posted its earnings results on Wednesday, February 5th. The credit services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. On average, equities research analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Divisadero Street Capital Management LP boosted its holdings in EZCORP by 1,699.2% in the fourth quarter. Divisadero Street Capital Management LP now owns 1,246,445 shares of the credit services provider’s stock worth $15,232,000 after acquiring an additional 1,177,166 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of EZCORP in the 3rd quarter valued at approximately $8,372,000. Invenomic Capital Management LP boosted its stake in EZCORP by 317.1% in the 4th quarter. Invenomic Capital Management LP now owns 789,768 shares of the credit services provider’s stock worth $9,651,000 after purchasing an additional 600,435 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in EZCORP by 18.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 2,002,197 shares of the credit services provider’s stock worth $24,467,000 after purchasing an additional 310,706 shares during the last quarter. Finally, Royce & Associates LP increased its stake in EZCORP by 77.6% during the 4th quarter. Royce & Associates LP now owns 658,515 shares of the credit services provider’s stock valued at $8,047,000 after purchasing an additional 287,818 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

EZCORP Company Profile

(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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