Euronet Worldwide (NASDAQ:EEFT) Shares Gap Down – Time to Sell?

Euronet Worldwide, Inc. (NASDAQ:EEFT) shares gapped down before the market opened on Friday . The stock had previously closed at $79.38, but opened at $74.46. Euronet Worldwide shares last traded at $73.9140, with a volume of 17,402 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings lowered Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 12th. DA Davidson reduced their target price on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Finally, Wolfe Research restated an “underperform” rating and set a $80.00 price target on shares of Euronet Worldwide in a research report on Thursday, January 8th. Three equities 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’s stock. According to MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Hold” and an average price target of $94.00.

Euronet Worldwide Stock Performance

The stock has a 50-day moving average of $70.43 and a 200 day moving average of $73.86. The stock has a market cap of $2.82 billion, a PE ratio of 10.71, a P/E/G ratio of 0.59 and a beta of 0.82. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.78.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, February 12th. The business services provider reported $2.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by ($0.09). Euronet Worldwide had a net margin of 7.33% and a return on equity of 27.22%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $2.08 earnings per share. The firm’s quarterly revenue 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. Equities analysts predict that Euronet Worldwide, Inc. will post 9.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares during the period. Lecap Asset Management Ltd. grew its stake in shares of Euronet Worldwide by 2.9% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock valued at $400,000 after buying an additional 129 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of 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 worth $3,450,000 after buying an additional 129 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of 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 worth $666,000 after buying an additional 158 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of 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 during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.