Brokerages Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Target Price at $111.33

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $111.3333.

A number of research analysts recently weighed in on EEFT shares. Needham & Company LLC decreased their price target on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Monness Crespi & Hardt cut Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Wall Street Zen lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Wolfe Research reiterated an “underperform” rating and set a $80.00 price target on shares of Euronet Worldwide in a research report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, October 24th.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $74.69 on Tuesday. The firm’s fifty day moving average is $74.48 and its two-hundred day moving average is $86.11. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.58 and a beta of 0.84. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide has a one year low of $68.56 and a one year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.04. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.03 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Research analysts expect that Euronet Worldwide will post 9.11 EPS for the current year.

Institutional Trading of Euronet Worldwide

Several large investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth $42,813,000. American Century Companies Inc. grew its holdings in shares of Euronet Worldwide by 29.7% in the third quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock valued at $152,965,000 after purchasing an additional 399,263 shares during the period. Voss Capital LP increased its position in Euronet Worldwide by 66.5% during 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 last quarter. AQR Capital Management LLC raised its stake in Euronet Worldwide by 131.9% during the second 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. Finally, Burgundy Asset Management Ltd. raised its stake in Euronet Worldwide by 3.9% during the second quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock worth $123,443,000 after purchasing an additional 46,205 shares during the period. 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.