Euronet Worldwide (NASDAQ:EEFT) Hits New 12-Month Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

EEFT has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, February 13th. DA Davidson reduced their price target on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $85.00 price objective on shares of Euronet Worldwide in a research note on Friday, May 22nd. Three 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 stock. According to data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Hold” and an average target price of $95.00.

Euronet Worldwide Price Performance

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 firm’s 50 day simple moving average is $69.95 and its 200 day simple moving average is $71.81. The company has a market capitalization of $2.54 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.52 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. Euronet Worldwide had a net margin of 7.15% and a return on equity of 28.37%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $969.68 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. 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 Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell purchased 3,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $66.87 per share, with a total value of $200,610.00. Following the purchase, the director directly owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. This represents a 3.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new stake in Euronet Worldwide during the 3rd quarter valued at $42,813,000. Vanguard Group Inc. increased its stake in shares of Euronet Worldwide by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,767,279 shares of the business services provider’s stock valued at $286,728,000 after buying an additional 26,416 shares during the period. Bank of Montreal Can increased its stake in shares of Euronet Worldwide by 933.8% during the fourth quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock valued at $151,739,000 after buying an additional 1,800,837 shares during the period. Turtle Creek Asset Management Inc. raised its holdings in shares of Euronet Worldwide by 44.9% in 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 in the last quarter. Finally, American Century Companies Inc. lifted its stake in Euronet Worldwide by 29.7% in the third quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after acquiring an additional 399,263 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

About Euronet Worldwide

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.