DA Davidson Reiterates Buy Rating for Euronet Worldwide (NASDAQ:EEFT)

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $112.00 price target on the business services provider’s stock. DA Davidson’s target price points to a potential upside of 57.39% from the company’s current price.

Other analysts also recently issued research reports about the stock. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Wolfe Research reaffirmed an “underperform” rating and issued a $80.00 target price on shares of Euronet Worldwide in a report on Thursday, January 8th. Needham & Company LLC decreased their target price on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. Finally, Keefe, Bruyette & Woods reduced their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.00.

Euronet Worldwide Stock Up 0.9%

Euronet Worldwide stock opened at $71.16 on Tuesday. The company has a market capitalization of $2.99 billion, a P/E ratio of 10.27, a PEG ratio of 0.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.15 and a current ratio of 1.11. Euronet Worldwide has a fifty-two week low of $64.34 and a fifty-two week high of $114.25. The stock has a 50-day simple moving average of $74.13 and a 200-day simple moving average of $80.81.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, February 12th. The business services provider reported $2.39 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.09). Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $2.08 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Equities research analysts expect that Euronet Worldwide will post 9.11 earnings per share for the current year.

Institutional Trading of Euronet Worldwide

A number of institutional investors have recently modified their holdings of EEFT. Tudor Investment Corp ET AL purchased a new position in Euronet Worldwide in the third quarter worth $42,813,000. Bank of Montreal Can grew its stake in shares of Euronet Worldwide by 933.8% during the 4th quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock worth $151,739,000 after purchasing an additional 1,800,837 shares during the period. AQR Capital Management LLC grew its stake in shares of Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after purchasing an additional 744,040 shares during the period. Voss Capital LP increased its holdings in shares of Euronet Worldwide by 66.5% in the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock valued at $117,665,000 after purchasing an additional 535,000 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at about $37,523,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

About Euronet Worldwide

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.