Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $95.00 Consensus Target Price from Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $95.00.

A number of research analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Euronet Worldwide in a research note on Friday, May 22nd. Weiss Ratings raised Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Finally, DA Davidson reiterated a “buy” rating and set a $102.00 price target on shares of Euronet Worldwide in a research note on Friday.

Insiders Place Their Bets

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $66.87 per share, for a total transaction of $200,610.00. Following the completion of the transaction, the director directly owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This trade represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 12.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wedge Capital Management L L P NC grew its stake in Euronet Worldwide by 42.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 53,878 shares of the business services provider’s stock valued at $3,943,000 after buying an additional 16,169 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Euronet Worldwide by 3.8% in the second quarter. Handelsbanken Fonder AB now owns 10,830 shares of the business services provider’s stock worth $793,000 after acquiring an additional 400 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of Euronet Worldwide by 9.2% in the second quarter. Reinhart Partners LLC. now owns 1,627,141 shares of the business services provider’s stock worth $119,091,000 after acquiring an additional 136,613 shares during the period. CX Institutional grew its position in shares of Euronet Worldwide by 10.7% in the second quarter. CX Institutional now owns 86,453 shares of the business services provider’s stock valued at $6,327,000 after purchasing an additional 8,360 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Euronet Worldwide by 23.6% in the first quarter. Parallel Advisors LLC now owns 775 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 148 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Stock Up 0.8%

Euronet Worldwide stock traded up $0.59 during midday trading on Tuesday, hitting $77.29. 340,176 shares of the stock were exchanged, compared to its average volume of 690,941. Euronet Worldwide has a 52-week low of $62.50 and a 52-week high of $107.02. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $69.75 and its 200-day moving average price is $71.27. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $969.68 million. During the same quarter in the previous year, the business earned $1.13 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, research analysts expect that Euronet Worldwide will post 9.83 EPS for the current fiscal year.

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.