Euronet Worldwide (NASDAQ:EEFT) Hits New 52-Week Low – Here’s Why

Euronet Worldwide, Inc. (NASDAQ:EEFT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $62.50 and last traded at $63.7650, with a volume of 40386 shares trading hands. The stock had previously closed at $64.01.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EEFT shares. Keefe, Bruyette & Woods lowered their price objective on shares of Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a research note on Friday, February 13th. DA Davidson lowered their price objective on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Euronet Worldwide in a research note on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $95.00.

Euronet Worldwide Stock Up 0.1%

The company’s fifty day moving average is $69.94 and its 200-day moving average is $71.90. The company has a market capitalization of $2.44 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.51 and a beta of 0.82. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28.

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

Insider Transactions at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell bought 3,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average cost of $66.87 per share, with a total value of $200,610.00. Following the acquisition, the director owned 100,219 shares of the company’s stock, valued at $6,701,644.53. The trade was a 3.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Euronet Worldwide

A number of institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its holdings in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in Euronet Worldwide by 0.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after buying an additional 129 shares in the last quarter. Parallel Advisors LLC grew its holdings in Euronet Worldwide by 23.6% during the 1st quarter. Parallel Advisors LLC now owns 775 shares of the business services provider’s stock valued at $51,000 after buying an additional 148 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Euronet Worldwide by 1.8% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,748 shares of the business services provider’s stock valued at $666,000 after buying an additional 158 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Euronet Worldwide by 1.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,817 shares of the business services provider’s stock valued at $823,000 after buying an additional 164 shares in the last quarter. 91.60% of the stock is 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.