EZCORP (NASDAQ:EZPW) Stock Rating Lowered by BidaskClub

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EZCORP (NASDAQ:EZPW) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports.

A number of other equities analysts have also commented on EZPW. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. B. Riley set a $169.00 price objective on shares of Intercept Pharmaceuticals and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, TheStreet lowered shares of USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.50.

Shares of NASDAQ:EZPW opened at $9.62 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.93 and a quick ratio of 2.28. The company has a market capitalization of $533.38 million, a price-to-earnings ratio of 11.45 and a beta of 1.76. EZCORP has a twelve month low of $7.45 and a twelve month high of $12.43. The stock’s 50-day simple moving average is $9.28.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, May 8th. The credit services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). EZCORP had a return on equity of 6.27% and a net margin of 1.63%. The business had revenue of $214.70 million for the quarter, compared to the consensus estimate of $219.87 million. During the same quarter in the prior year, the business earned $0.21 EPS. EZCORP’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts expect that EZCORP will post 0.92 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP raised its stake in EZCORP by 26.4% in the fourth quarter. Two Sigma Investments LP now owns 612,043 shares of the credit services provider’s stock valued at $4,731,000 after purchasing an additional 128,011 shares in the last quarter. Granite Investment Partners LLC raised its stake in EZCORP by 112.9% in the first quarter. Granite Investment Partners LLC now owns 115,694 shares of the credit services provider’s stock valued at $1,078,000 after purchasing an additional 61,362 shares in the last quarter. Bank of America Corp DE raised its stake in EZCORP by 5.1% in the fourth quarter. Bank of America Corp DE now owns 856,763 shares of the credit services provider’s stock valued at $6,622,000 after purchasing an additional 41,898 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in EZCORP by 98.7% in the first quarter. BNP Paribas Arbitrage SA now owns 11,706 shares of the credit services provider’s stock valued at $109,000 after purchasing an additional 5,814 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of EZCORP during the fourth quarter worth approximately $1,524,000. 99.30% of the stock is currently owned by institutional investors and hedge funds.

About EZCORP

EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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