EZCORP (NASDAQ:EZPW) Coverage Initiated at Roth Mkm

Stock analysts at Roth Mkm started coverage on shares of EZCORP (NASDAQ:EZPW) in a research note issued on Monday. The brokerage set a “buy” rating and a $16.00 price target on the credit services provider’s stock. Roth Mkm’s price target would suggest a potential upside of 18.96% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Stephens reiterated an “equal weight” rating and set a $13.50 target price on shares of EZCORP in a research note on Thursday, February 6th. Canaccord Genuity Group raised their target price on EZCORP from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, February 7th.

EZCORP Stock Performance

NASDAQ EZPW opened at $13.45 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13. The firm has a market cap of $738.93 million, a price-to-earnings ratio of 11.70 and a beta of 0.89. EZCORP has a 1 year low of $9.66 and a 1 year high of $14.50. The company has a fifty day moving average price of $12.93 and a 200-day moving average price of $12.15.

EZCORP (NASDAQ:EZPW) last issued its quarterly 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 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 EPS for the current fiscal year.

Institutional Investors Weigh In On EZCORP

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Silvercrest Asset Management Group LLC increased its holdings in shares of EZCORP by 18.4% in the fourth 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 period. Divisadero Street Capital Management LP grew its position in EZCORP by 1,699.2% during 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 buying an additional 1,177,166 shares in the last quarter. Millennium Management LLC increased its stake in EZCORP by 23.9% in the 4th quarter. Millennium Management LLC now owns 1,195,784 shares of the credit services provider’s stock worth $14,612,000 after acquiring an additional 231,018 shares during the last quarter. State Street Corp raised its holdings in shares of EZCORP by 0.3% in the 3rd quarter. State Street Corp now owns 1,084,777 shares of the credit services provider’s stock valued at $12,160,000 after acquiring an additional 2,809 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of EZCORP by 1.3% during the 4th quarter. Two Sigma Advisers LP now owns 1,022,570 shares of the credit services provider’s stock valued at $12,496,000 after acquiring an additional 12,800 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

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.