Needham & Company LLC Reaffirms “Buy” Rating for Euronet Worldwide (NASDAQ:EEFT)

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “buy” rating restated by Needham & Company LLC in a report issued on Friday,Benzinga reports. They presently have a $85.00 price objective on the business services provider’s stock. Needham & Company LLC’s target price would suggest a potential upside of 27.82% from the company’s previous close.

Several other brokerages also recently issued reports on EEFT. Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, February 13th. Finally, DA Davidson decreased their target price on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $95.00.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $66.50 on Friday. The stock has a 50 day moving average price of $70.00 and a 200 day moving average price of $72.18. Euronet Worldwide has a 52 week low of $63.73 and a 52 week high of $114.25. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $2.53 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.53 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Euronet Worldwide had a net margin of 7.15% and a return on equity of 28.37%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $969.68 million. During the same period in the previous year, the company earned $1.13 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Analysts predict that Euronet Worldwide will post 9.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EEFT. Tudor Investment Corp ET AL acquired a new position in Euronet Worldwide during the third quarter valued at approximately $42,813,000. Vanguard Group Inc. boosted its stake in Euronet Worldwide by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,767,279 shares of the business services provider’s stock valued at $286,728,000 after buying an additional 26,416 shares in the last quarter. Bank of Montreal Can boosted its stake in Euronet Worldwide by 933.8% in the fourth quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock valued at $151,739,000 after buying an additional 1,800,837 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its stake in Euronet Worldwide by 44.9% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock valued at $122,588,000 after buying an additional 572,194 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Euronet Worldwide by 29.7% in the third quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock valued at $152,965,000 after buying an additional 399,263 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

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.