Euronet Worldwide (NASDAQ:EEFT) Sets New 52-Week Low – Time to Sell?

Euronet Worldwide, Inc. (NASDAQ:EEFT) reached a new 52-week low on Monday . The stock traded as low as $85.36 and last traded at $85.64, with a volume of 18655 shares trading hands. The stock had previously closed at $93.18.

Analysts Set New Price Targets

EEFT has been the topic of several research reports. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Oppenheimer dropped their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.86.

Euronet Worldwide Price Performance

The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company has a 50-day moving average price of $102.23 and a 200-day moving average price of $101.59. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 10.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Euronet Worldwide

Several hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Euronet Worldwide by 28.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 2,632 shares during the period. Holocene Advisors LP acquired a new stake in shares of Euronet Worldwide during the 3rd quarter worth about $666,000. Reinhart Partners LLC. boosted its holdings in shares of Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after buying an additional 20,824 shares during the period. Value Holdings Management CO. LLC boosted its holdings in shares of Euronet Worldwide by 119.8% during the 4th quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock worth $5,947,000 after buying an additional 31,518 shares during the period. Finally, Stifel Financial Corp grew its stake in Euronet Worldwide by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider’s stock valued at $1,164,000 after buying an additional 232 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.