Euronet Worldwide (NASDAQ:EEFT) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Euronet Worldwide (NASDAQ:EEFT) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other equities research analysts also recently weighed in on EEFT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Oppenheimer decreased their price target on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday. Finally, Keefe, Bruyette & Woods decreased their price target on Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.60.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $87.34 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. The company’s 50 day simple moving average is $90.46 and its 200-day simple moving average is $98.12. Euronet Worldwide has a 12-month low of $82.18 and a 12-month high of $114.25. The firm has a market cap of $3.58 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business earned $2.25 earnings per share. Euronet Worldwide’s revenue for the quarter was up 8.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities analysts predict that Euronet Worldwide will post 9.11 EPS for the current year.

Institutional Investors Weigh In On Euronet Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. GAMMA Investing LLC lifted its holdings in Euronet Worldwide by 99.9% in the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 953 shares during the period. SG Americas Securities LLC raised its stake in shares of Euronet Worldwide by 46.4% during the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider’s stock worth $504,000 after buying an additional 1,496 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Euronet Worldwide during the 1st quarter worth $1,400,000. State of Alaska Department of Revenue raised its stake in shares of Euronet Worldwide by 2.5% during the 1st quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock worth $516,000 after buying an additional 120 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Euronet Worldwide by 4.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider’s stock worth $373,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.