Shares of Curo Group Holdings Corp (NYSE:CURO) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.60.
A number of research firms have issued reports on CURO. ValuEngine downgraded Curo Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Credit Suisse Group boosted their price target on Curo Group from $21.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, April 30th. Finally, Zacks Investment Research raised Curo Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, June 12th.
In other news, EVP Terry Gene Pittman sold 100,000 shares of the company’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $23.00, for a total value of $2,300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fleischer & Lowe Gp I. Friedman sold 552,197 shares of the company’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $23.00, for a total value of $12,700,531.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,149,608 shares of company stock valued at $95,440,984. 48.35% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN purchased a new stake in shares of Curo Group in the first quarter worth about $167,000. California State Teachers Retirement System purchased a new stake in shares of Curo Group in the first quarter worth about $203,000. Prudential Financial Inc. purchased a new stake in shares of Curo Group in the first quarter worth about $349,000. Goldman Sachs Group Inc. purchased a new stake in shares of Curo Group in the fourth quarter worth about $427,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of Curo Group in the first quarter worth about $538,000. 44.84% of the stock is owned by institutional investors.
Curo Group stock opened at $24.84 on Wednesday. Curo Group has a 52 week low of $13.50 and a 52 week high of $24.87. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 14.69.
Curo Group (NYSE:CURO) last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.07. The firm had revenue of $261.76 million for the quarter, compared to analysts’ expectations of $246.93 million. sell-side analysts anticipate that Curo Group will post 2.26 EPS for the current year.
About Curo Group
CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.
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