Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) CEO Michael J. Brown sold 15,689 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $89.87, for a total value of $1,409,970.43. Following the completion of the sale, the chief executive officer now directly owns 1,467,763 shares of the company’s stock, valued at approximately $131,907,860.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Euronet Worldwide Trading Down 0.6 %
EEFT opened at $90.73 on Friday. Euronet Worldwide, Inc. has a 52 week low of $71.60 and a 52 week high of $149.92. The business has a fifty day simple moving average of $82.75 and a 200-day simple moving average of $95.68. The firm has a market cap of $4.50 billion, a P/E ratio of 29.65 and a beta of 1.36. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.39.
Analyst Ratings Changes
Several research firms have issued reports on EEFT. StockNews.com began coverage on Euronet Worldwide in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Needham & Company LLC cut their target price on Euronet Worldwide from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 24th. DA Davidson cut their target price on Euronet Worldwide from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, October 6th. Stephens began coverage on Euronet Worldwide in a research note on Wednesday, September 14th. They set an “equal weight” rating and a $95.00 target price for the company. Finally, UBS Group cut their target price on Euronet Worldwide from $174.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.25.
Institutional Inflows and Outflows
About Euronet Worldwide
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.
- Get a free copy of the StockNews.com research report on Euronet Worldwide (EEFT)
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