USA Technologies (NASDAQ:USAT) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of USA Technologies (NASDAQ:USAT) from a hold rating to a buy rating in a research note published on Thursday, March 15th.

A number of other research firms also recently issued reports on USAT. Zacks Investment Research upgraded shares of USA Technologies from a hold rating to a strong-buy rating and set a $11.00 target price for the company in a research report on Friday, January 12th. Northland Securities set a $12.00 price objective on shares of USA Technologies and gave the company a buy rating in a report on Monday, December 18th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. USA Technologies has a consensus rating of Buy and an average price target of $11.67.

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Shares of USAT stock opened at $8.40 on Thursday. The company has a market cap of $458.66, a P/E ratio of -420.00 and a beta of 0.59. USA Technologies has a 52-week low of $4.25 and a 52-week high of $10.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.36.

USA Technologies (NASDAQ:USAT) last announced its earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. USA Technologies had a negative net margin of 10.39% and a positive return on equity of 2.18%. The company had revenue of $32.51 million during the quarter, compared to the consensus estimate of $31.38 million. sell-side analysts anticipate that USA Technologies will post 0.06 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of USAT. RK Capital Management LLC acquired a new position in USA Technologies in the 3rd quarter valued at about $8,027,000. Russell Investments Group Ltd. acquired a new position in shares of USA Technologies in the 3rd quarter worth approximately $7,163,000. UBS Asset Management Americas Inc. acquired a new position in shares of USA Technologies in the 4th quarter worth approximately $11,007,000. Castleark Management LLC acquired a new position in shares of USA Technologies in the 4th quarter worth approximately $6,715,000. Finally, Emerald Advisers Inc. PA lifted its holdings in shares of USA Technologies by 1,408.0% in the 4th quarter. Emerald Advisers Inc. PA now owns 572,131 shares of the technology company’s stock worth $5,578,000 after acquiring an additional 534,191 shares during the last quarter. Institutional investors own 56.05% of the company’s stock.

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About USA Technologies

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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