EZCORP (NASDAQ:EZPW) Shares Gap Up – What’s Next?

EZCORP, Inc. (NASDAQ:EZPW)’s share price 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.

Analyst Upgrades and Downgrades

EZPW has been the topic of several recent research reports. Canaccord Genuity Group increased their price target on EZCORP from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, February 7th. Stephens reissued an “equal weight” rating and issued a $13.50 price objective on shares of EZCORP in a research report on Thursday, February 6th. Finally, Roth Mkm assumed coverage on shares of EZCORP in a research report on Monday. They set a “buy” rating and a $16.00 target price on the stock.

EZCORP Stock Up 2.9 %

The business has a 50 day moving average of $12.93 and a two-hundred day moving average of $12.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91. The stock has a market capitalization of $760.08 million, a PE ratio of 12.02 and a beta of 0.89.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, topping 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%. Analysts predict that EZCORP, Inc. will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 1,554 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of EZCORP during the fourth quarter worth approximately $122,000. Sherbrooke Park Advisers LLC purchased a new position in EZCORP in the 4th quarter valued at $138,000. Los Angeles Capital Management LLC acquired a new stake in EZCORP during the 3rd quarter worth $150,000. Finally, LPL Financial LLC grew its holdings in shares of EZCORP by 39.3% during the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider’s stock worth $176,000 after buying an additional 4,070 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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.