The EVP & GC of Euronet Worldwide (EEFT) is Buying Shares


Today, the EVP & GC of Euronet Worldwide (NASDAQ: EEFT), Jeffrey B. Newman, bought shares of EEFT for $118.2K.

This recent transaction increases Jeffrey B. Newman’s holding in the company by 30.53% to a total of $1.61 million. In addition to Jeffrey B. Newman, 18 other EEFT executives reported Buy trades in the last month.

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Based on Euronet Worldwide’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $622 million and quarterly net profit of $43.72 million. In comparison, last year the company earned revenue of $537 million and had a net profit of $51.37 million. EEFT’s market cap is $5B and the company has a P/E ratio of 36.62. Currently, Euronet Worldwide has an average volume of 37.42K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $105.00, reflecting a 7.4% upside.

In the last 30 days, insiders have sold $20.46M worth of EEFT shares and purchased $2.33M worth of EEFT shares. The insider sentiment on Euronet Worldwide has been neutral according to 58 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Euronet Worldwide, Inc. engages in the provision of electronic payment and transaction processing solutions for financial institutions, retailers, service providers, and individual consumers. It operates through the following segments: EFT Processing, Epay, and Money Transfer.

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