USA Technologies (USAT) Downgraded to Buy at BidaskClub

BidaskClub downgraded shares of USA Technologies (NASDAQ:USAT) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

USAT has been the subject of several other research reports. Lake Street Capital restated a buy rating and issued a $17.00 price objective on shares of USA Technologies in a report on Wednesday, June 13th. Barrington Research restated a buy rating on shares of USA Technologies in a report on Friday, March 23rd. Northland Securities restated a buy rating and issued a $14.00 price objective on shares of USA Technologies in a report on Thursday, March 15th. Finally, ValuEngine upgraded USA Technologies from a buy rating to a strong-buy rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $13.67.

USA Technologies opened at $13.65 on Friday, MarketBeat.com reports. The stock has a market cap of $828.01 million, a price-to-earnings ratio of -682.50 and a beta of 0.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.08. USA Technologies has a 1 year low of $4.50 and a 1 year high of $14.68.

USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The company had revenue of $35.80 million during the quarter, compared to analysts’ expectations of $38.29 million. USA Technologies had a positive return on equity of 3.60% and a negative net margin of 8.83%. The company’s revenue was up 35.1% compared to the same quarter last year. sell-side analysts forecast that USA Technologies will post -0.01 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. grew its holdings in shares of USA Technologies by 25.1% in the 4th quarter. American International Group Inc. now owns 32,660 shares of the technology company’s stock valued at $318,000 after acquiring an additional 6,543 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of USA Technologies by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 405,077 shares of the technology company’s stock valued at $3,949,000 after acquiring an additional 7,185 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of USA Technologies by 8.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 110,151 shares of the technology company’s stock valued at $1,074,000 after acquiring an additional 8,304 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of USA Technologies in the 4th quarter valued at about $118,000. Finally, Cynosure Advisors LLC lifted its stake in USA Technologies by 52.2% in the 1st quarter. Cynosure Advisors LLC now owns 36,156 shares of the technology company’s stock valued at $325,000 after purchasing an additional 12,404 shares during the last quarter. Institutional investors own 58.11% of the company’s stock.

USA Technologies Company Profile

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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