Key Points
- EZCORP Director Jason Kulas sold 20,000 shares on May 12 at an average price of $33.56, totaling about $671,200. After the sale, he still held 172,948 shares, reducing his stake by 10.37%.
- The stock was trading lower, opening at $32.99 and down 1.7% on the day cited, though it remained well above its 50-day and 200-day moving averages.
- EZCORP reported stronger-than-expected quarterly results, posting EPS of $0.58 versus the $0.36 consensus estimate on revenue of $434.9 million. Analysts currently rate the stock a consensus Buy with a target price of $37.25.
EZCORP, Inc. (NASDAQ:EZPW - Get Free Report) Director Jason Kulas sold 20,000 shares of EZCORP stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $33.56, for a total value of $671,200.00. Following the sale, the director directly owned 172,948 shares of the company's stock, valued at $5,804,134.88. This represents a 10.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
EZCORP Trading Down 1.7%
NASDAQ EZPW opened at $32.99 on Thursday. The stock's 50-day simple moving average is $28.61 and its two-hundred day simple moving average is $23.57. EZCORP, Inc. has a twelve month low of $12.85 and a twelve month high of $37.13. The company has a quick ratio of 3.52, a current ratio of 4.71 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 17.93 and a beta of 0.65.
EZCORP (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.22. The business had revenue of $434.90 million for the quarter. EZCORP had a return on equity of 13.45% and a net margin of 9.91%. Research analysts forecast that EZCORP, Inc. will post 2 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of EZPW. GHP Investment Advisors Inc. purchased a new position in EZCORP during the 4th quarter valued at about $25,000. Aster Capital Management DIFC Ltd purchased a new position in EZCORP during the 3rd quarter valued at about $29,000. KBC Group NV purchased a new position in EZCORP during the 1st quarter valued at about $44,000. Covestor Ltd increased its holdings in EZCORP by 239.3% during the 3rd quarter. Covestor Ltd now owns 2,728 shares of the credit services provider's stock valued at $52,000 after purchasing an additional 1,924 shares during the period. Finally, Deutsche Bank AG raised its stake in EZCORP by 533.5% in the fourth quarter. Deutsche Bank AG now owns 2,667 shares of the credit services provider's stock worth $52,000 after buying an additional 2,246 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $40.00 target price on shares of EZCORP in a research note on Friday, May 8th. Citizens Jmp lifted their target price on shares of EZCORP from $33.00 to $39.00 and gave the stock a "market outperform" rating in a research note on Monday. Wall Street Zen raised shares of EZCORP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Zacks Research raised shares of EZCORP from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 8th. Finally, Citigroup restated an "outperform" rating on shares of EZCORP in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, EZCORP currently has a consensus rating of "Buy" and a consensus target price of $37.25.
Get Our Latest Stock Analysis on EZCORP
About EZCORP
(
Get Free Report)
EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.
Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.
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