Needham & Company LLC Has Lowered Expectations for Euronet Worldwide (NASDAQ:EEFT) Stock Price

Euronet Worldwide (NASDAQ:EEFT) had its price objective dropped by investment analysts at Needham & Company LLC from $120.00 to $100.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 19.85% from the company’s previous close.

EEFT has been the topic of a number of other reports. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Keefe, Bruyette & Woods reduced their target price on shares of Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. Oppenheimer reduced their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Finally, DA Davidson restated a “buy” rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, September 12th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.60.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $83.44 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $3.42 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.72 and a beta of 1.21. The firm’s fifty day moving average is $89.90 and its two-hundred day moving average is $97.95. Euronet Worldwide has a 52-week low of $82.18 and a 52-week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.20 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. Euronet Worldwide’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.03 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, analysts anticipate that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Euronet Worldwide by 248.7% during the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 189 shares during the last quarter. Elequin Capital LP bought a new position in Euronet Worldwide in the 1st quarter worth about $30,000. Geneos Wealth Management Inc. grew its stake in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares in the last quarter. Atwood & Palmer Inc. grew its stake in Euronet Worldwide by 43.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock worth $44,000 after acquiring an additional 131 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in Euronet Worldwide by 106.4% in the 2nd quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock worth $46,000 after acquiring an additional 232 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.