Euronet Worldwide (NASDAQ:EEFT) Reaches New 1-Year Low - Should You Sell?

Key Points

• Euronet Worldwide shares fell to a new 52-week low of $62.02, well below their 50-day and 200-day moving averages of $69.87 and $70.70, respectively.
• Analyst sentiment is mixed: the average rating is “Hold” with a $94 price target, while targets range from $70 and an “underperform” rating at Wolfe Research to $102 and a “buy” rating at DA Davidson.
• The company missed quarterly earnings expectations, reporting $2.82 per share versus a $2.93 consensus estimate, although revenue increased 3.2% year over year and institutional investors own 91.6% of the stock.

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $62.02 and last traded at $62.6990, with a volume of 431078 shares. The stock had previously closed at $63.54.

Analysts Set New Price Targets

EEFT has been the subject of a number of research analyst reports. Wolfe Research decreased their price objective on shares of Euronet Worldwide from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, August 25th. Needham & Company LLC lifted their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. DA Davidson reiterated a "buy" rating and issued a $102.00 price target on shares of Euronet Worldwide in a research note on Friday, July 10th. Finally, Weiss Ratings cut shares of Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $94.00.

Euronet Worldwide Price Performance

The company's 50 day moving average price is $69.87 and its 200-day moving average price is $70.70. The stock has a market cap of $2.39 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.52 and a beta of 0.85. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.The firm's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 earnings per share. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.5 earnings per share for the current year.

Institutional Trading of Euronet Worldwide

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in Euronet Worldwide during the second quarter worth $22,221,000. Weitz Investment Management Inc. acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at about $12,178,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Euronet Worldwide during the first quarter valued at about $1,795,000. Walleye Trading LLC bought a new position in shares of Euronet Worldwide during the 2nd quarter worth about $1,068,000. Finally, Rice Hall James & Associates LLC boosted its position in shares of Euronet Worldwide by 8.3% during the 1st quarter. Rice Hall James & Associates LLC now owns 241,991 shares of the business services provider's stock worth $16,061,000 after purchasing an additional 18,515 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc NASDAQ: EEFT is a global electronic payments and transaction processing company. Headquartered in Leawood, Kansas, the company provides payment and financial technology services to financial institutions, retailers, mobile operators, money transfer providers and consumers.

Euronet operates through three principal business areas: electronic funds transfer processing, epay and money transfer. Its electronic funds transfer services include automated teller machine and point-of-sale processing, electronic payment solutions, outsourced transaction processing and related network services.

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