USA Technologies (NASDAQ:USAT) has been assigned a $12.00 target price by investment analysts at Northland Securities in a note issued to investors on Monday, December 18th. The brokerage currently has a “buy” rating on the technology company’s stock. Northland Securities’ target price suggests a potential upside of 27.66% from the company’s current price.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised USA Technologies from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a report on Saturday, November 11th. William Blair started coverage on USA Technologies in a report on Thursday, August 24th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. USA Technologies has an average rating of “Hold” and an average target price of $10.63.
Shares of USA Technologies (NASDAQ USAT) traded up $0.20 during midday trading on Monday, hitting $9.40. The stock had a trading volume of 523,850 shares, compared to its average volume of 518,931. The company has a market cap of $501.35, a P/E ratio of 950.95 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.67 and a quick ratio of 2.38. USA Technologies has a one year low of $3.80 and a one year high of $10.10.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. The firm had revenue of $25.62 million during the quarter, compared to analysts’ expectations of $25.87 million. equities analysts predict that USA Technologies will post 0.07 EPS for the current fiscal year.
In related news, Director Albin F. Moschner sold 9,478 shares of the company’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $9.61, for a total transaction of $91,083.58. Following the sale, the director now owns 352,926 shares in the company, valued at approximately $3,391,618.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Albin F. Moschner sold 8,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $8.47, for a total value of $67,760.00. Following the sale, the director now owns 416,926 shares in the company, valued at approximately $3,531,363.22. The disclosure for this sale can be found here. Insiders sold a total of 120,901 shares of company stock worth $1,080,337 in the last quarter. Corporate insiders own 4.38% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of USA Technologies by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock valued at $7,720,000 after purchasing an additional 44,378 shares in the last quarter. Wasatch Advisors Inc. raised its stake in USA Technologies by 15.8% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,341,079 shares of the technology company’s stock worth $8,382,000 after buying an additional 182,701 shares during the period. RK Capital Management LLC acquired a new position in USA Technologies during the 3rd quarter worth approximately $8,027,000. Cortina Asset Management LLC raised its stake in USA Technologies by 18.1% during the 3rd quarter. Cortina Asset Management LLC now owns 1,240,613 shares of the technology company’s stock worth $7,754,000 after buying an additional 190,107 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in USA Technologies during the 3rd quarter worth approximately $7,163,000. 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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