DA Davidson Reaffirms Buy Rating for Euronet Worldwide (NASDAQ:EEFT)

Key Points

• DA Davidson has reiterated a "buy" rating for Euronet Worldwide (NASDAQ:EEFT), with a target price of $130.00, representing a potential upside of 42.72% from its current price.
• Euronet Worldwide reported quarterly earnings of $2.56 per share, missing analysts' estimates, with revenues of $1.07 billion, which is an 8.9% year-over-year increase.
• Institutional investors own 91.60% of Euronet's stock, with notable increases in holdings from Captrust Financial Advisors and Deutsche Bank AG during the fourth quarter.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at DA Davidson in a report issued on Friday,Benzinga reports. They presently have a $130.00 price objective on the business services provider's stock. DA Davidson's target price indicates a potential upside of 42.72% from the company's current price.

Separately, Oppenheimer lifted their price target on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.83.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT traded down $0.25 during trading on Friday, hitting $91.09. 72,860 shares of the company's stock were exchanged, compared to its average volume of 496,346. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The business's 50-day simple moving average is $97.29 and its 200 day simple moving average is $101.14. Euronet Worldwide has a 52-week low of $85.24 and a 52-week high of $114.25. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.72 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $2.25 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities analysts predict that Euronet Worldwide will post 9.11 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its position in shares of Euronet Worldwide by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 8,294 shares of the business services provider's stock worth $853,000 after purchasing an additional 311 shares during the period. Deutsche Bank AG raised its stake in Euronet Worldwide by 65.0% in the fourth quarter. Deutsche Bank AG now owns 5,643 shares of the business services provider's stock worth $580,000 after buying an additional 2,223 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Euronet Worldwide during the fourth quarter worth $307,000. Millennium Management LLC lifted its holdings in Euronet Worldwide by 45.7% during the fourth quarter. Millennium Management LLC now owns 302,967 shares of the business services provider's stock worth $31,157,000 after buying an additional 95,091 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in Euronet Worldwide during the 4th quarter valued at $564,000. 91.60% of the stock is currently owned by institutional investors.

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.

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