Euronet Worldwide (NASDAQ:EEFT) Hits New 52-Week Low – Here’s Why

Euronet Worldwide, Inc. (NASDAQ:EEFT) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $62.50 and last traded at $63.7650, with a volume of 40386 shares changing hands. The stock had previously closed at $64.01.

Wall Street Analyst Weigh In

EEFT has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Keefe, Bruyette & Woods cut their target price on shares of Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price on shares of Euronet Worldwide in a report on Friday, May 22nd. Finally, DA Davidson cut their target price on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $95.00.

Euronet Worldwide Stock Performance

The business’s fifty day moving average is $69.94 and its two-hundred day moving average is $71.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $2.44 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.51 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Euronet Worldwide had a net margin of 7.15% and a return on equity of 28.37%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $969.68 million. During the same period last year, the firm posted $1.13 earnings per share. Euronet Worldwide’s revenue for the quarter was up 10.5% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. As a group, research analysts anticipate that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $66.87 per share, with a total value of $200,610.00. Following the completion of the acquisition, the director owned 100,219 shares in the company, valued at $6,701,644.53. This trade represents a 3.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased its position in Euronet Worldwide by 23.6% during the first quarter. Parallel Advisors LLC now owns 775 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 148 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in Euronet Worldwide by 44.9% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock valued at $122,588,000 after acquiring an additional 572,194 shares during the last quarter. Janus Henderson Group PLC increased its position in Euronet Worldwide by 3.6% during the first quarter. Janus Henderson Group PLC now owns 1,406,556 shares of the business services provider’s stock valued at $93,353,000 after acquiring an additional 48,990 shares during the last quarter. Amundi bought a new position in Euronet Worldwide during the first quarter valued at $642,000. Finally, California State Teachers Retirement System increased its position in Euronet Worldwide by 28.8% during the first quarter. California State Teachers Retirement System now owns 48,123 shares of the business services provider’s stock valued at $3,194,000 after acquiring an additional 10,754 shares during the last quarter. Institutional investors 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.