Euronet Worldwide (NASDAQ:EEFT) had its target price increased by equities researchers at Lake Street Capital from $100.00 to $106.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the business services provider’s stock. Lake Street Capital’s price objective would suggest a potential upside of 36.07% from the stock’s previous close.
Several other brokerages also recently commented on EEFT. Piper Jaffray Companies reiterated a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a report on Sunday, October 22nd. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Northland Securities reissued a “buy” rating and set a $110.00 price objective on shares of Euronet Worldwide in a research note on Thursday, October 19th. BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Finally, DA Davidson increased their price objective on Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $111.71.
Euronet Worldwide (NASDAQ EEFT) traded down $1.58 during trading on Thursday, hitting $77.90. 322,826 shares of the stock traded hands, compared to its average volume of 603,537. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4,355.67, a PE ratio of 28.23, a PEG ratio of 1.09 and a beta of 1.43. Euronet Worldwide has a twelve month low of $77.57 and a twelve month high of $101.07.
In related news, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $91.22, for a total transaction of $1,824,400.00. Following the completion of the transaction, the chief executive officer now owns 1,522,348 shares in the company, valued at $138,868,584.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Rick Weller sold 15,601 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $92.01, for a total value of $1,435,448.01. Following the transaction, the chief financial officer now owns 80,285 shares of the company’s stock, valued at approximately $7,387,022.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,297 shares of company stock valued at $4,428,004. Insiders own 7.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Bristlecone Advisors LLC purchased a new position in shares of Euronet Worldwide during the third quarter worth $113,000. FNY Managed Accounts LLC acquired a new stake in shares of Euronet Worldwide during the 4th quarter valued at about $126,000. The Manufacturers Life Insurance Company boosted its position in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 116 shares in the last quarter. Turner Investments LLC acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at about $174,000. Finally, Pitcairn Co. acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at about $200,000. Institutional investors own 93.68% of the company’s stock.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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