Insider Buyers: Euronet Worldwide, Inc. (NASDAQ: EEFT) Director buys 1,166 shares
Euronet Worldwide, Inc. (NASDAQ: EEFT) director Jeannine Strandjord bought 1,166 shares in a trade on Tuesday, June 15. The shares were purchased at an average price of $ 146.50 per share, for a total value of $ 170,819.00. Following the acquisition, the Director now owns 48,000 shares of the company, valued at approximately $ 7,032,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ EEFT traded at $ 3.67 at midday on Wednesday, reaching $ 141.41. The company’s shares had a trading volume of 494,594 shares, compared to its average volume of 341,141. The company’s 50-day moving average price is $ 146.94. Euronet Worldwide, Inc. has a twelve month low of $ 86.06 and a twelve month high of $ 167.71. The company has a quick ratio of 1.76, a current ratio of 1.76, and a debt ratio of 0.81. The stock has a market cap of $ 7.47 billion, a price-to-earnings ratio of -525.83 and a beta of 1.66.
Euronet Worldwide (NASDAQ: EEFT) last published its quarterly results on Thursday, April 29. The business services provider reported earnings per share (EPS) of $ 0.23 for the quarter, missing the consensus estimate of $ 0.41 of ($ 0.18). Euronet Worldwide posted a negative net margin of 0.55% and a positive return on equity of 8.39%. The company posted revenue of $ 652.70 million in the quarter, compared to analysts’ estimates of $ 614.78 million. On average, analysts expect Euronet Worldwide, Inc. to post 4.03 earnings per share for the current fiscal year.
Several research analysts have published reports on EEFT stocks. Needham & Company LLC raised its price target for Euronet Worldwide shares from $ 170.00 to $ 185.00 and gave the stock a “buy” rating in a report released on Thursday, March 4. TheStreet downgraded Euronet Worldwide’s shares from a “b-” rating to a “c +” rating in a research report on Thursday April 1. Zacks investment research downgraded Euronet Worldwide’s stock from a “hold” rating to a “strong sell” rating and set a price target of $ 121.00 for the company. in a research report on Wednesday May 5. Wells Fargo & Company raised its price target for Euronet Worldwide shares from $ 165.00 to $ 180.00 and rated the stock “overweight” in a research report published on Wednesday, March 17. Finally, DA Davidson raised his target price on Euronet Worldwide shares from $ 166.00 to $ 180.00 and gave the stock a “buy” rating in a research report published on Wednesday 17th. March. One investment analyst rated the stock with a sell rating, another assigned a conservation rating, and seven issued a buy rating for the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $ 155.73.
A number of institutional investors and hedge funds have recently bought and sold shares in the company. Principal Financial Group Inc. increased its stake in Euronet Worldwide by 15.3% during the 1st quarter. Principal Financial Group Inc. now owns 3,431 shares of the business services provider valued at $ 475,000 after acquiring 454 additional shares in the last quarter. Virtu Financial LLC purchased a new position in Euronet Worldwide during the 1st quarter valued at $ 525,000. Paloma Partners Management Co acquired a new position in Euronet Worldwide during the 1st quarter for an amount of $ 1,808,000. Millennium Management LLC increased its stake in Euronet Worldwide by 247.2% in the 1st quarter. Millennium Management LLC now owns 235,653 shares of the business service provider valued at $ 32,591,000 after acquiring an additional 167,781 shares during the last quarter. Finally, the Canada Pension Plan Investment Board increased its stake in Euronet Worldwide by 7.5% during the first quarter. The Canada Pension Plan Investment Board now owns 4,893 shares of the business service provider valued at $ 677,000 after acquiring 342 additional shares in the last quarter. 92.08% of the shares are currently held by hedge funds and other institutional investors.
About Euronet in the world
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers and individual consumers worldwide. The Electronic Funds Transfer Processing segment of the Company provides electronic payment solutions, including automatic teller machine (ABM) cash withdrawal and deposit services, participation in the ATM network and issuance services. acquisition of traders
Read more: Why would analysts give stocks a buy rating?
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: Why are companies doing stock splits?
7 stocks Cathie Wood buys and you should too
If you are an investor who likes to go with the ‘hot hand’ then they don’t get much hotter than Cathie Wood. The founder and CEO of ARK Investment Management delivered over 100% returns in her company’s five exchange-traded funds (ETFs) in 2020.
The names of its funds feature some of the hottest emerging growth trends in the market: financial technology (fintech), genomics revolution, innovation, autonomous technology / robotics and the next generation internet.
As you would expect, these funds contain some of the hottest growth stocks of the past year. And in the aftermath of the tech liquidation, Wood isn’t backing down. In fact, it doubles its strategy. It may not be exactly a matter of being greedy while others are fearful; maybe more like being prepared while others are distracted.
But the other thing about Wood’s picks is that a lot of them aren’t obscure names. These are companies that were among the hottest names in 2020. Wood just thinks they still have room to operate. And that’s one of the reasons why you should consider incorporating them into your portfolio.
In this special presentation, we give you only seven of the stocks that Cathie Wood is buying or has recently purchased. We have attempted to select at least one stock from each of the ARK ETFs. As with any investment decision, it is important that you do your own research before making a decision.
Check out the “7 stocks that Cathie Wood buys that you should too”.