D.A. Davidson Sticks to Their Buy Rating for Euronet Worldwide (EEFT)

In a report released yesterday, Peter Heckmann from D.A. Davidson maintained a Buy rating on Euronet Worldwide, with a price target of $102.00. The company’s shares closed yesterday at $66.50.

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Heckmann covers the Technology sector, focusing on stocks such as Tyler Technologies, Repay Holdings, and ACI Worldwide. According to TipRanks, Heckmann has an average return of 4.8% and a 48.95% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Euronet Worldwide with a $88.33 average price target, implying a 32.83% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $85.00 price target.

Based on Euronet Worldwide’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.01 billion and a net profit of $37.5 million. In comparison, last year the company earned a revenue of $915.5 million and had a net profit of $38.4 million

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EEFT in relation to earlier this year. Earlier this month, Adam J Godderz, an Insider at EEFT sold 345.00 shares for a total of $24,850.35.