Euronet Worldwide (NASDAQ:EEFT) Price Target Lowered to $102.00 at DA Davidson

Euronet Worldwide (NASDAQ:EEFT) had its target price decreased by DA Davidson from $112.00 to $102.00 in a research note published on Tuesday morning,Benzinga reports. DA Davidson currently has a buy rating on the business services provider’s stock.

EEFT has been the subject of a number of other reports. Needham & Company LLC cut their price objective on Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Keefe, Bruyette & Woods dropped their target price on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research report on Friday, February 13th. Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Finally, Wolfe Research reaffirmed an “underperform” rating and issued a $80.00 target price on shares of Euronet Worldwide in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $94.00.

Euronet Worldwide Stock Up 1.0%

Shares of NASDAQ:EEFT opened at $71.15 on Tuesday. The business has a 50-day moving average price of $69.79 and a 200 day moving average price of $74.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.56 and a beta of 0.82. Euronet Worldwide has a 12-month low of $63.73 and a 12-month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, February 12th. The business services provider reported $2.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.09). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Sell-side analysts expect that Euronet Worldwide will post 9.11 EPS for the current year.

Hedge Funds Weigh In On Euronet Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in EEFT. Tudor Investment Corp ET AL purchased a new position in shares of Euronet Worldwide in the 3rd quarter valued at about $42,813,000. Bank of Montreal Can boosted its stake in shares of Euronet Worldwide by 933.8% in the 4th quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock valued at $151,739,000 after buying an additional 1,800,837 shares during the period. AQR Capital Management LLC boosted its stake in shares of Euronet Worldwide by 131.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after buying an additional 744,040 shares during the period. Voss Capital LP boosted its stake in shares of Euronet Worldwide by 66.5% in the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock valued at $117,665,000 after buying an additional 535,000 shares during the period. Finally, Brown Advisory Inc. purchased a new position in shares of Euronet Worldwide in the 4th quarter valued at about $37,523,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

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.