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

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a research note issued on Tuesday,Benzinga reports. They presently have a $112.00 target price on the business services provider’s stock. DA Davidson’s price target would suggest a potential upside of 61.85% from the stock’s current price.

EEFT has been the topic of several other research reports. Wolfe Research reiterated an “underperform” rating and set a $80.00 price target on shares of Euronet Worldwide in a report on Thursday, January 8th. Needham & Company LLC reduced their target price on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 26th. Keefe, Bruyette & Woods lowered their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Monness Crespi & Hardt cut Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $96.00.

Euronet Worldwide Price Performance

EEFT traded up $1.24 during midday trading on Tuesday, hitting $69.20. 298,209 shares of the company traded hands, compared to its average volume of 685,503. The business has a 50 day simple moving average of $74.33 and a two-hundred day simple moving average of $81.04. Euronet Worldwide has a 52-week low of $64.34 and a 52-week high of $114.25. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.53 and a beta of 0.82. The company has a current ratio of 1.11, a quick ratio of 1.15 and a debt-to-equity ratio of 0.78.

Euronet Worldwide (NASDAQ:EEFT) last issued 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 analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $2.08 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, equities analysts forecast that Euronet Worldwide will post 9.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Several hedge funds have recently modified their holdings of the business. Johnson Financial Group Inc. acquired a new stake in shares of Euronet Worldwide in the third quarter worth $26,000. Danske Bank A S bought a new stake in Euronet Worldwide in the 3rd quarter valued at $26,000. Allworth Financial LP grew its position in Euronet Worldwide by 248.7% in the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after purchasing an additional 189 shares during the last quarter. First Horizon Corp bought a new position in shares of Euronet Worldwide during the 3rd quarter worth about $36,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Euronet Worldwide by 48.4% during the first 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 during the last quarter. 91.60% of the stock is owned by 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.