USA Technologies (USAT) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for USA Technologies (NASDAQ: USAT):

  • 4/10/2018 – USA Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/3/2018 – USA Technologies was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/3/2018 – USA Technologies had its “buy” rating reaffirmed by analysts at Barrington Research.
  • 4/3/2018 – USA Technologies is now covered by analysts at Lake Street Capital. They set a “buy” rating and a $11.00 price target on the stock.
  • 3/23/2018 – USA Technologies had its “buy” rating reaffirmed by analysts at Barrington Research. They wrote, “We came away from the NAMA OneShow with a continued strong conviction in the long‐term secular growth potential of the movement to cashless payment methods in the unattended market and the need by vendor operators for mission critical cloud‐based vending management and analytics software to drive merchandising strategies, as well as operational efficiencies and the continued positive ramifications of this transition on USA Technologies.””
  • 3/15/2018 – USA Technologies had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $14.00 price target on the stock.
  • 3/15/2018 – USA Technologies was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/6/2018 – USA Technologies was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/27/2018 – USA Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of NASDAQ USAT traded down $0.15 during mid-day trading on Monday, reaching $8.62. The company had a trading volume of 182,546 shares, compared to its average volume of 476,232. The company has a quick ratio of 1.05, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $470.73, a price-to-earnings ratio of -431.00 and a beta of 0.59. USA Technologies has a 1-year low of $4.25 and a 1-year high of $10.10.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new position in shares of USA Technologies during the fourth quarter valued at $233,000. Castleark Management LLC purchased a new position in shares of USA Technologies during the fourth quarter valued at $6,715,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of USA Technologies during the fourth quarter valued at $1,918,000. TIAA CREF Investment Management LLC grew its holdings in shares of USA Technologies by 8.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 110,151 shares of the technology company’s stock valued at $1,074,000 after buying an additional 8,304 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of USA Technologies by 27.5% during the fourth quarter. Teachers Advisors LLC now owns 85,158 shares of the technology company’s stock valued at $830,000 after buying an additional 18,345 shares in the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.

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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