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

Euronet Worldwide (NASDAQ:EEFT) had its price objective cut by DA Davidson from $112.00 to $102.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other analysts have also commented on EEFT. Wolfe Research reissued an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research report on Thursday, January 8th. Needham & Company LLC decreased their price objective on shares of 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 lowered their price objective on shares of Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a research note on Friday, February 13th. Monness Crespi & Hardt cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Finally, Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of “Hold” and an average target price of $94.00.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $74.24 on Tuesday. The company’s fifty day simple moving average is $69.90 and its 200-day simple moving average is $74.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2.82 billion, a PE ratio of 10.71, a P/E/G ratio of 0.58 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 announced its quarterly earnings data on Thursday, February 12th. The business services provider reported $2.39 EPS for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.09). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 EPS. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Equities research analysts expect that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its holdings in shares of Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 109 shares during the last quarter. Lecap Asset Management Ltd. increased its holdings in shares of Euronet Worldwide by 2.9% in the third quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 129 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Euronet Worldwide by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after purchasing 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% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,748 shares of the business services provider’s stock valued at $666,000 after purchasing an additional 158 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Euronet Worldwide by 1.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,817 shares of the business services provider’s stock valued at $823,000 after purchasing an additional 164 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.