Needham & Company LLC Has Lowered Expectations for Euronet Worldwide (NASDAQ:EEFT) Stock Price

Euronet Worldwide (NASDAQ:EEFT) had its target price decreased by analysts at Needham & Company LLC from $120.00 to $100.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 19.85% from the stock’s previous close.

Several other brokerages have also recently weighed in on EEFT. Oppenheimer dropped their price target on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, September 12th. Keefe, Bruyette & Woods dropped their price target on shares of Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Finally, Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.60.

Euronet Worldwide Trading Down 5.9%

Shares of EEFT stock opened at $83.44 on Thursday. Euronet Worldwide has a 12-month low of $82.18 and a 12-month high of $114.25. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. The firm’s 50 day moving average is $89.90 and its 200 day moving average is $97.95. The stock has a market capitalization of $3.42 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.72 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Research analysts expect that Euronet Worldwide will post 9.11 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Euronet Worldwide by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider’s stock valued at $10,155,000 after buying an additional 280 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock valued at $204,000 after buying an additional 953 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Euronet Worldwide by 211.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider’s stock valued at $213,000 after buying an additional 1,352 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Euronet Worldwide in the 1st quarter valued at $1,400,000. Finally, Blueshift Asset Management LLC bought a new stake in Euronet Worldwide in the 1st quarter valued at $597,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

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.