B. Riley Trims EZCORP (NASDAQ:EZPW) Target Price to $12.00

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EZCORP (NASDAQ:EZPW) had its price objective reduced by investment analysts at B. Riley from $14.00 to $12.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. B. Riley’s target price suggests a potential upside of 142.42% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group cut shares of EZCORP from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. BidaskClub upgraded shares of EZCORP from a “strong sell” rating to a “sell” rating in a research note on Monday, November 25th. TheStreet downgraded shares of EZCORP from a “b-” rating to a “c” rating in a report on Monday, August 5th. ValuEngine raised shares of EZCORP from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.50.

Shares of NASDAQ:EZPW opened at $4.95 on Tuesday. The company has a current ratio of 8.07, a quick ratio of 5.66 and a debt-to-equity ratio of 0.32. EZCORP has a 12-month low of $4.77 and a 12-month high of $11.25. The business has a 50 day moving average of $5.32 and a two-hundred day moving average of $7.73. The company has a market capitalization of $274.43 million, a PE ratio of 6.27 and a beta of 1.67.

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in EZCORP by 44.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,794,921 shares of the credit services provider’s stock worth $16,998,000 after buying an additional 554,121 shares during the last quarter. Hancock Whitney Corp grew its stake in EZCORP by 1,652.8% during the 2nd quarter. Hancock Whitney Corp now owns 480,134 shares of the credit services provider’s stock valued at $4,547,000 after acquiring an additional 452,741 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in EZCORP during the 2nd quarter valued at about $1,893,000. Stephens Investment Management Group LLC raised its holdings in EZCORP by 8.3% in the 2nd quarter. Stephens Investment Management Group LLC now owns 2,018,845 shares of the credit services provider’s stock valued at $19,118,000 after acquiring an additional 155,559 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in EZCORP by 49.8% in the 2nd quarter. Invesco Ltd. now owns 342,048 shares of the credit services provider’s stock valued at $3,239,000 after acquiring an additional 113,685 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

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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