Euronet Worldwide (NASDAQ:EEFT) Sets New 52-Week Low – Here’s Why

Euronet Worldwide, Inc. (NASDAQ:EEFT) shares hit a new 52-week low on Monday . The company traded as low as $85.36 and last traded at $85.64, with a volume of 18655 shares trading hands. The stock had previously closed at $93.18.

Analysts Set New Price Targets

EEFT has been the subject of a number of recent research reports. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer decreased their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Finally, Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.86.

Euronet Worldwide Price Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The stock has a market cap of $3.97 billion, a PE ratio of 14.07, a P/E/G ratio of 0.78 and a beta of 1.18. The business has a fifty day moving average of $102.23 and a 200 day moving average of $101.59.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by company insiders.

Institutional Trading of Euronet Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of EEFT. Proficio Capital Partners LLC purchased a new stake in Euronet Worldwide in the 4th quarter worth approximately $28,000. R Squared Ltd purchased a new position in Euronet Worldwide in the fourth quarter valued at about $58,000. Covestor Ltd increased its position in Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock worth $73,000 after purchasing an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock worth $79,000 after purchasing an additional 762 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock worth $88,000 after purchasing an additional 709 shares in the last quarter. Institutional investors 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.