Euronet Worldwide (NASDAQ:EEFT) Earns “Buy” Rating from DA Davidson

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “buy” rating restated by equities research analysts at DA Davidson in a report released on Friday,Benzinga reports. They currently have a $102.00 target price on the business services provider’s stock. DA Davidson’s price objective would suggest a potential upside of 32.99% from the stock’s previous close.

Several other research firms have also recently weighed in on EEFT. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price target on shares of Euronet Worldwide in a report on Friday, May 22nd. Weiss Ratings raised shares of Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $95.00.

Euronet Worldwide Stock Up 1.0%

Shares of NASDAQ:EEFT opened at $76.70 on Friday. The stock’s 50-day moving average is $69.71 and its 200 day moving average is $71.22. The company has a market cap of $2.92 billion, a PE ratio of 11.07, a P/E/G ratio of 0.59 and a beta of 0.83. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.28 and a quick ratio of 1.28. Euronet Worldwide has a 1 year low of $62.50 and a 1 year high of $107.91.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data 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. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $969.68 million. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Sell-side analysts anticipate that Euronet Worldwide will post 9.83 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.19% of the stock is owned by corporate insiders.

Institutional Trading of Euronet Worldwide

A number of hedge funds have recently modified their holdings of EEFT. Voss Capital LP grew its holdings in Euronet Worldwide by 66.5% in the third quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after purchasing an additional 535,000 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Euronet Worldwide during the third quarter valued at approximately $42,813,000. Weitz Investment Management Inc. bought a new stake in shares of Euronet Worldwide in the 4th quarter worth approximately $12,178,000. New Age Alpha Advisors LLC grew its stake in shares of Euronet Worldwide by 102.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 34,932 shares of the business services provider’s stock worth $2,659,000 after buying an additional 17,690 shares during the last quarter. Finally, Rock Creek Group LP grew its stake in shares of Euronet Worldwide by 233.3% in the 4th quarter. Rock Creek Group LP now owns 100,000 shares of the business services provider’s stock worth $7,611,000 after buying an additional 70,000 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

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.