Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Average Rating of “Hold” from Brokerages

Posted by Defense World Staff on Jun 8th, 2023

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) have been assigned a consensus rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $121.88.

Several brokerages have recently weighed in on EEFT. StockNews.com began coverage on Euronet Worldwide in a research note on Thursday, May 18th. They set a “hold” rating for the company. UBS Group raised their target price on Euronet Worldwide from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Truist Financial lifted their price target on Euronet Worldwide from $135.00 to $155.00 in a research note on Monday, May 22nd. 22nd Century Group reiterated a “maintains” rating on shares of Euronet Worldwide in a research note on Friday, May 19th. Finally, Needham & Company LLC lifted their price target on Euronet Worldwide from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th.

Euronet Worldwide Price Performance

EEFT opened at $114.54 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.29. Euronet Worldwide has a 52-week low of $71.60 and a 52-week high of $121.55. The company has a 50 day moving average of $111.20 and a two-hundred day moving average of $105.64. The company has a market cap of $5.68 billion, a P/E ratio of 24.63 and a beta of 1.34.

Insider Buying and Selling

In related news, CEO Nikos Fountas sold 4,280 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $103.06, for a total transaction of $441,096.80. Following the sale, the chief executive officer now owns 31,529 shares of the company’s stock, valued at $3,249,378.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Nikos Fountas sold 4,280 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $103.06, for a total transaction of $441,096.80. Following the sale, the chief executive officer now owns 31,529 shares of the company’s stock, valued at $3,249,378.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael J. Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $120.69, for a total value of $6,034,500.00. Following the sale, the chief executive officer now directly owns 1,487,361 shares in the company, valued at approximately $179,509,599.09. The disclosure for this sale can be found here. 7.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC grew its position in Euronet Worldwide by 236.9% in the first quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock worth $25,000 after buying an additional 154 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Euronet Worldwide during the 1st quarter worth approximately $28,000. CWM LLC grew its position in Euronet Worldwide by 127.0% during the 4th quarter. CWM LLC now owns 404 shares of the business services provider’s stock worth $38,000 after purchasing an additional 226 shares in the last quarter. Huntington National Bank grew its position in Euronet Worldwide by 40.9% during the 4th quarter. Huntington National Bank now owns 472 shares of the business services provider’s stock worth $45,000 after purchasing an additional 137 shares in the last quarter. Finally, Romano Brothers AND Company acquired a new stake in shares of Euronet Worldwide during the 4th quarter valued at $56,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

About Euronet Worldwide

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Euronet Worldwide, Inc engages in the provision of electronic payment and transaction processing and distribution solutions. Its products and services include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, software solutions and cloud based payment solutions, electronic distribution of electronic payment products, foreign exchange services, and international payment services.