USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 20,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $8.25, for a total transaction of $165,000.00. Following the completion of the transaction, the director now directly owns 422,926 shares in the company, valued at $3,489,139.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of USA Technologies, Inc. (NASDAQ:USAT) opened at $8.45 on Friday. The stock has a market cap of $453.09, a PE ratio of 422.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.38 and a current ratio of 2.67. USA Technologies, Inc. has a one year low of $3.80 and a one year high of $8.95.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. USA Technologies had a net margin of 0.37% and a return on equity of 1.20%. The firm had revenue of $25.62 million for the quarter, compared to the consensus estimate of $25.87 million. equities analysts predict that USA Technologies, Inc. will post 0.07 EPS for the current fiscal year.
A number of equities analysts recently commented on USAT shares. Northland Securities reaffirmed a “buy” rating and set a $7.25 price target on shares of USA Technologies in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of USA Technologies from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research report on Wednesday, November 22nd. BidaskClub lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, William Blair started coverage on shares of USA Technologies in a research report on Thursday, August 24th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. USA Technologies has an average rating of “Hold” and an average price target of $8.25.
Several institutional investors and hedge funds have recently bought and sold shares of USAT. Prudential Financial Inc. acquired a new stake in shares of USA Technologies in the 3rd quarter valued at approximately $121,000. Alliancebernstein L.P. acquired a new stake in shares of USA Technologies in the 2nd quarter valued at approximately $130,000. New York State Common Retirement Fund boosted its stake in shares of USA Technologies by 75.7% in the 2nd quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $154,000 after purchasing an additional 12,799 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of USA Technologies by 17.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after purchasing an additional 5,263 shares in the last quarter. Finally, Archon Capital Management LLC acquired a new stake in shares of USA Technologies in the 3rd quarter valued at approximately $188,000. Institutional investors own 51.17% of the company’s stock.
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About USA Technologies
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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