5 Oversold NASDAQ Stocks to Buy

3. Euronet Worldwide, Inc. (NASDAQ:EEFT)

14-day RSI as of July 28: 18.22

Number of Hedge Fund Holders: 28

Euronet Worldwide, Inc. (NASDAQ:EEFT) is an electronic financial transaction solutions provider. It operates one of the largest independent ATM networks in Europe, is a leading payment network for prepaid mobile top-up, and a leading global money transfer company.

Euronet Worldwide, Inc. (NASDAQ:EEFT) reported a strong financial and operational performance in Q2 2023. Its revenue increased by 11% y-o-y to $939 million while net income increased by 51% y-o-y to $86 million. With a 17% y-o-y increase, the adjusted EPS at $2.03 surpassed consensus estimates by $0.02.

On July 27, Needham lowered the price target on Euronet Worldwide, Inc. (NASDAQ:EEFT) shares to $125 from $140 and maintained a ‘Buy’ rating on the shares.

As of Q1 2023, 28 hedge funds owned shares of Euronet Worldwide, Inc. (NASDAQ:EEFT), valued at $278 million.