Zacks Investment Research lowered shares of USA Technologies (NASDAQ:USAT) from a buy rating to a hold rating in a research report released on Tuesday.
According to Zacks, “USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation. “
A number of other analysts have also recently weighed in on USAT. BidaskClub cut USA Technologies from a buy rating to a hold rating in a research report on Saturday, February 3rd. Northland Securities set a $12.00 price target on USA Technologies and gave the company a buy rating in a report on Monday, December 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $11.00.
Shares of USA Technologies (NASDAQ:USAT) opened at $8.75 on Tuesday. USA Technologies has a 1 year low of $3.80 and a 1 year high of $10.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.38 and a current ratio of 1.36. The firm has a market capitalization of $458.48, a P/E ratio of -36.46 and a beta of 0.65.
USA Technologies (NASDAQ:USAT) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. USA Technologies had a positive return on equity of 2.18% and a negative net margin of 10.39%. The company had revenue of $32.51 million during the quarter, compared to analysts’ expectations of $31.38 million. equities analysts predict that USA Technologies will post 0.07 earnings per share for the current fiscal year.
In other news, Director Albin F. Moschner sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $8.46, for a total value of $50,760.00. Following the completion of the sale, the director now directly owns 416,926 shares of the company’s stock, valued at approximately $3,527,193.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albin F. Moschner sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $8.47, for a total value of $67,760.00. Following the completion of the sale, the director now directly owns 416,926 shares of the company’s stock, valued at $3,531,363.22. The disclosure for this sale can be found here. Insiders sold a total of 100,901 shares of company stock valued at $915,337 over the last three months. Insiders own 4.38% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new position in USA Technologies during the fourth quarter worth $118,000. Aperio Group LLC acquired a new position in USA Technologies during the fourth quarter worth $156,000. Prudential Financial Inc. acquired a new position in USA Technologies during the third quarter worth $121,000. MetLife Investment Advisors LLC acquired a new position in USA Technologies during the fourth quarter worth $233,000. Finally, Alliancebernstein L.P. acquired a new position in USA Technologies during the second quarter worth $130,000. 52.71% of the stock is owned by institutional investors and hedge funds.
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USA Technologies Company Profile
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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