Euronet Worldwide Inc. (EEFT) Shares Gap Up to $70.23
Shares of 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 traded.
Several analysts recently issued reports on EEFT shares. Wells Fargo & Co. reiterated a “buy” rating on shares of Euronet Worldwide in a research report on Thursday, May 26th. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, May 3rd. Evercore ISI raised their price target on Euronet Worldwide from $76.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 4th. Avondale Partners raised their price target on Euronet Worldwide from $80.00 to $84.00 and gave the company a “market outperform” rating in a report on Wednesday, April 27th. Finally, Monness Crespi & Hardt cut Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Friday, June 10th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Euronet Worldwide currently has a consensus rating of “Buy” and a consensus target price of $85.00.
The company has a market capitalization of $3.70 billion and a PE ratio of 31.91. The company has a 50-day moving average price of $76.13 and a 200 day moving average price of $73.30.
Several institutional investors recently modified their holdings of EEFT. Dimensional Fund Advisors LP boosted its position in shares of Euronet Worldwide by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,099,430 shares of the company’s stock valued at $79,634,000 after buying an additional 8,295 shares during the period. Redwood Investments LLC boosted its position in Euronet Worldwide by 10.1% in the fourth quarter. Redwood Investments LLC now owns 35,638 shares of the company’s stock worth $2,581,000 after buying an additional 3,260 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in Euronet Worldwide by 5.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 19,900 shares of the company’s stock worth $1,441,000 after buying an additional 1,050 shares during the last quarter. US Bancorp DE boosted its position in Euronet Worldwide by 6.1% in the fourth quarter. US Bancorp DE now owns 21,358 shares of the company’s stock worth $1,546,000 after buying an additional 1,219 shares during the last quarter. Finally, Bailard Inc. acquired a new position in Euronet Worldwide during the fourth quarter worth $2,245,000.
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