Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $126.25.

Several research analysts have weighed in on the company. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Oppenheimer decreased their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. DA Davidson reaffirmed a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the sale, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,910 shares of company stock worth $8,780,102. Company insiders own 10.50% of the company’s stock.

Institutional Trading of Euronet Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. R Squared Ltd bought a new position in shares of Euronet Worldwide during the 4th quarter worth $58,000. GAMMA Investing LLC grew its position in shares of Euronet Worldwide by 121.3% during the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after buying an additional 523 shares in the last quarter. Blue Trust Inc. grew its position in shares of Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after buying an additional 205 shares in the last quarter. Mendota Financial Group LLC bought a new position in shares of Euronet Worldwide during the 3rd quarter worth $100,000. Finally, Quarry LP grew its position in shares of Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 0.5 %

EEFT stock opened at $98.86 on Tuesday. Euronet Worldwide has a 1-year low of $91.07 and a 1-year high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.78 and a beta of 1.44. The business has a 50 day simple moving average of $102.53 and a two-hundred day simple moving average of $101.27.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.