DA Davidson Issues Pessimistic Forecast for Euronet Worldwide (NASDAQ:EEFT) Stock Price

Euronet Worldwide (NASDAQ:EEFT) had its target price cut by equities researchers at DA Davidson from $112.00 to $102.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. DA Davidson’s price target indicates a potential upside of 43.72% from the stock’s previous close.

EEFT has been the subject of several other research reports. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Wolfe Research restated an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a research note on Thursday, January 8th. Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Needham & Company LLC decreased their target price on Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $94.00.

Euronet Worldwide Stock Performance

NASDAQ:EEFT traded up $0.51 during mid-day trading on Tuesday, hitting $70.97. 274,742 shares of the company’s stock traded hands, compared to its average volume of 676,860. The firm has a 50 day moving average of $69.73 and a two-hundred day moving average of $74.61. Euronet Worldwide has a 12 month low of $63.73 and a 12 month high of $114.25. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.54 and a beta of 0.82. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

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 the consensus estimate of $2.48 by ($0.09). Euronet Worldwide had a net margin of 7.33% and a return on equity of 27.22%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned $2.08 EPS. Euronet Worldwide’s revenue for the quarter was up 5.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, equities analysts forecast that Euronet Worldwide will post 9.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Large investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $26,000. Danske Bank A S acquired a new position in shares of Euronet Worldwide in the 3rd quarter worth approximately $26,000. First Horizon Corp bought a new stake in Euronet Worldwide during the 3rd quarter worth approximately $36,000. Geneos Wealth Management Inc. grew its position in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in Euronet Worldwide during the 3rd quarter worth approximately $37,000. 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.