M. Jeannie Strandjord, a director at Euronet Worldwide (EEFT), recently picked up 1,166 additional shares. The buy increased her stake by 2.5 percent, and came to a total price of just over $146,000.
This marks the first insider transaction of 2021. Insiders have mostly been sellers over the past three years, even as shares have trended higher. Overall, company insiders own 4.4 percent of shares.
The company provides payment and transaction processing and distribution services, including automated teller machines (ATMs), and point-of-sale solutions.
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Over the past year, shares have beaten the S&P 500 by 10 points. The company hasn’t been profitable however, reporting a slight overall loss in the past year. Yet revenues are starting to rise.
Action to take: With an overall trend higher in shares, the trend is likely to continue. With a market cap under $8 billion, the company could be a buyout candidate from a larger financial services provider.
However, shares may not move as fast as companies facilitating touchless or digital monetary transactions.
Traders may want to consider the August $150 calls, which last carried a bid/ask spread in the low $5 range on a potential bet for a move higher. However, a play in the fintech space may offer better returns in the months ahead if the market continues to gradually move higher.
Disclosure: The author of this article has no position in the stock mentioned here, but may trade in this company after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.