USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 9,478 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The shares were sold at an average price of $9.61, for a total value of $91,083.58. Following the completion of the transaction, the director now directly owns 352,926 shares in the company, valued at $3,391,618.86. The transaction was disclosed in a filing with the SEC, which is available at this link.
USA Technologies, Inc. (NASDAQ:USAT) opened at $9.30 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. USA Technologies, Inc. has a 12-month low of $3.80 and a 12-month high of $10.10. The firm has a market capitalization of $504.03, a PE ratio of 930.93 and a beta of 1.02.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $25.62 million during the quarter, compared to the consensus estimate of $25.87 million. USA Technologies had a net margin of 0.37% and a return on equity of 1.20%. sell-side analysts forecast that USA Technologies, Inc. will post 0.07 EPS for the current year.
Several research firms have recently weighed in on USAT. Zacks Investment Research raised USA Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a report on Friday, January 12th. Northland Securities set a $12.00 target price on USA Technologies and gave the stock a “buy” rating in a report on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $11.50.
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in USA Technologies by 3.1% during the second quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock valued at $7,720,000 after buying an additional 44,378 shares during the period. Wasatch Advisors Inc. grew its holdings in shares of USA Technologies by 15.8% during the third quarter. Wasatch Advisors Inc. now owns 1,341,079 shares of the technology company’s stock valued at $8,382,000 after buying an additional 182,701 shares during the last quarter. RK Capital Management LLC acquired a new position in USA Technologies during the third quarter valued at $8,027,000. Cortina Asset Management LLC lifted its position in USA Technologies by 18.1% during the third quarter. Cortina Asset Management LLC now owns 1,240,613 shares of the technology company’s stock valued at $7,754,000 after purchasing an additional 190,107 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in USA Technologies during the third quarter valued at $7,163,000. 51.17% of the stock is owned by hedge funds and other institutional investors.
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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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