Needham & Company LLC Cuts Euronet Worldwide (NASDAQ:EEFT) Price Target to $100.00

Euronet Worldwide (NASDAQ:EEFT) had its price objective cut by Needham & Company LLC from $120.00 to $100.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Oppenheimer dropped their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.60.

Euronet Worldwide Price Performance

EEFT stock opened at $82.27 on Thursday. The company’s 50-day moving average price is $89.63 and its two-hundred day moving average price is $97.99. The firm has a market cap of $3.37 billion, a P/E ratio of 12.05, a P/E/G ratio of 0.66 and a beta of 1.21. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Euronet Worldwide has a 12 month low of $82.17 and a 12 month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.20 billion. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.03 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, analysts anticipate that Euronet Worldwide will post 9.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Euronet Worldwide by 99.9% during the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock worth $204,000 after purchasing an additional 953 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $1,400,000. State of Alaska Department of Revenue increased its stake in shares of Euronet Worldwide by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock valued at $516,000 after buying an additional 120 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Euronet Worldwide by 4.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider’s stock worth $373,000 after acquiring an additional 147 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Euronet Worldwide by 5.1% during the first quarter. Oppenheimer & Co. Inc. now owns 18,325 shares of the business services provider’s stock worth $1,958,000 after acquiring an additional 881 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.