Euronet Worldwide Inc. (EEFT) Shares Gap Up to $70.23
Euronet Worldwide Inc. (NASDAQ:EEFT) gapped up before the market opened on Friday . The stock had previously closed at $69.92, but opened at $70.23. Euronet Worldwide shares last traded at $70.52, with a volume of 191,970 shares.
A number of equities research analysts have recently commented on EEFT shares. Zacks Investment Research upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, March 28th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $81.00 price objective on shares of Euronet Worldwide in a report on Monday, March 14th. Evercore ISI lifted their price objective on Euronet Worldwide from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 4th. Avondale Partners lifted their price objective on Euronet Worldwide from $80.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 27th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Euronet Worldwide in a report on Thursday, May 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Euronet Worldwide currently has an average rating of “Buy” and a consensus price target of $85.00.
The firm has a market cap of $3.70 billion and a PE ratio of 31.91. The stock’s 50-day moving average is $76.13 and its 200-day moving average is $73.30.
Other institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its position in Euronet Worldwide by 23.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 36,311 shares of the company’s stock valued at $2,630,000 after buying an additional 6,916 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Euronet Worldwide during the fourth quarter valued at $1,432,000. Pembroke Management LTD purchased a new position in Euronet Worldwide during the fourth quarter valued at $10,190,000. EAM Investors LLC boosted its position in Euronet Worldwide by 0.4% in the fourth quarter. EAM Investors LLC now owns 49,574 shares of the company’s stock valued at $3,591,000 after buying an additional 199 shares in the last quarter. Finally, Lebenthal Lisanti Capital Growth LLC purchased a new position in Euronet Worldwide during the fourth quarter valued at $1,032,000.
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