Euronet Worldwide (NASDAQ:EEFT) Shares Gap Down – Time to Sell?

Euronet Worldwide, Inc. (NASDAQ:EEFT)’s share price gapped down prior to trading on Friday . The stock had previously closed at $79.38, but opened at $74.46. Euronet Worldwide shares last traded at $73.9140, with a volume of 17,402 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on EEFT shares. Wolfe Research reissued an “underperform” rating and set a $80.00 price objective on shares of Euronet Worldwide in a report on Thursday, January 8th. Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Friday, February 13th. Weiss Ratings lowered Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Finally, DA Davidson cut their target price on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $94.00.

Euronet Worldwide Price Performance

The business has a 50 day moving average price of $70.30 and a two-hundred day moving average price of $74.05. The stock has a market cap of $2.84 billion, a PE ratio of 10.77, a P/E/G ratio of 0.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.11.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, February 12th. The business services provider reported $2.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.09). Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $2.08 EPS. Euronet Worldwide’s quarterly revenue was up 5.9% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Research analysts expect that Euronet Worldwide, Inc. will post 9.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Institutional investors have recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in Euronet Worldwide in the third quarter valued at approximately $26,000. Danske Bank A S purchased a new position in Euronet Worldwide in the third quarter valued at approximately $26,000. Geneos Wealth Management Inc. lifted its stake in 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. First Horizon Corp purchased a new position in Euronet Worldwide in the third quarter valued at approximately $36,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Euronet Worldwide in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Euronet Worldwide

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.