EZCORP (NASDAQ:EZPW) Shares Gap Up - Still a Buy?

EZCORP, Inc. (NASDAQ:EZPW - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $13.45, but opened at $14.12. EZCORP shares last traded at $13.88, with a volume of 75,249 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Roth Capital set a $16.00 target price on shares of EZCORP in a research report on Monday. Roth Mkm started coverage on EZCORP in a report on Monday. They issued a "buy" rating and a $16.00 price target on the stock. Canaccord Genuity Group raised their price objective on EZCORP from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Stephens reiterated an "equal weight" rating and set a $13.50 target price on shares of EZCORP in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $16.88.

EZCORP Stock Performance

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 stock has a fifty day moving average price of $13.09 and a two-hundred day moving average price of $12.20. The company has a market capitalization of $782.88 million, a price-to-earnings ratio of 12.39 and a beta of 0.89.

EZCORP (NASDAQ:EZPW - Get Free Report) last announced its earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. As a group, analysts forecast that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Remove Ads

Hedge Funds Weigh In On EZCORP

Institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp acquired a new position in EZCORP in the 4th quarter valued at $465,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in EZCORP by 6.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,641 shares of the credit services provider's stock valued at $1,132,000 after purchasing an additional 5,524 shares during the last quarter. Two Sigma Advisers LP lifted its position in EZCORP by 1.3% during the fourth quarter. Two Sigma Advisers LP now owns 1,022,570 shares of the credit services provider's stock worth $12,496,000 after buying an additional 12,800 shares during the period. Teza Capital Management LLC lifted its position in EZCORP by 6.6% during the fourth quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider's stock worth $176,000 after buying an additional 896 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in EZCORP in the 4th quarter worth about $138,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

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.