Short Interest in Euronet Worldwide, Inc. (NASDAQ:EEFT) Increases By 59.4%

Key Points

• Euronet Worldwide saw a significant increase in short interest, rising to 4 million shares as of August 15, marking a 59.4% growth from July.
• Institutional investors now hold 91.60% of Euronet Worldwide's stock, with several hedge funds increasing their stakes in the company during the 4th quarter.
• The company reported a net income of $2.56 per share in its last quarterly earnings, missing estimates, while revenue grew by 8.9% year-over-year.

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) was the target of a large increase in short interest in August. As of August 15th, there was short interest totaling 4,000,000 shares, anincreaseof59.4% from the July 31st total of 2,510,000 shares. Based on an average daily trading volume, of 546,000 shares, the short-interest ratio is presently 7.3 days. Approximately10.4% of the shares of the stock are short sold. Approximately10.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 546,000 shares, the short-interest ratio is presently 7.3 days.

Euronet Worldwide Trading Down 0.7%

EEFT traded down $0.66 during mid-day trading on Monday, reaching $90.50. The stock had a trading volume of 763,885 shares, compared to its average volume of 908,041. The stock has a market capitalization of $3.71 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. The firm's fifty day simple moving average is $98.17 and its two-hundred day simple moving average is $101.36. Euronet Worldwide has a 52 week low of $85.24 and a 52 week high of $114.25.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EEFT. Principal Financial Group Inc. lifted its stake in shares of Euronet Worldwide by 0.3% in 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 purchasing an additional 280 shares during the period. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 99.9% in the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after purchasing an additional 953 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Euronet Worldwide by 211.6% in 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 purchasing an additional 1,352 shares during the period. SG Americas Securities LLC lifted its stake in shares of Euronet Worldwide by 46.4% in the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock valued at $504,000 after purchasing an additional 1,496 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $1,400,000. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.83.

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.