Shares of USA Technologies, Inc. (NASDAQ:USAT) have received a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.50.
Several analysts have recently weighed in on USAT shares. BidaskClub raised shares of USA Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Northland Securities restated a “buy” rating and set a $14.00 target price on shares of USA Technologies in a research report on Thursday, March 15th. Barrington Research reissued a “buy” rating on shares of USA Technologies in a research report on Friday, March 23rd. Lake Street Capital began coverage on shares of USA Technologies in a research report on Tuesday, April 3rd. They issued a “buy” rating and a $11.00 price objective for the company. Finally, ValuEngine raised shares of USA Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd.
Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in USA Technologies by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,033,140 shares of the technology company’s stock valued at $10,073,000 after purchasing an additional 112,027 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in USA Technologies in the fourth quarter valued at approximately $11,007,000. Royce & Associates LP purchased a new stake in USA Technologies in the fourth quarter valued at approximately $3,318,000. Allianz Asset Management GmbH grew its holdings in USA Technologies by 127.7% in the first quarter. Allianz Asset Management GmbH now owns 1,450,659 shares of the technology company’s stock valued at $13,056,000 after purchasing an additional 813,622 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in USA Technologies in the fourth quarter valued at approximately $118,000. 58.17% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ USAT traded up $0.10 during mid-day trading on Friday, reaching $14.05. The company had a trading volume of 288,500 shares, compared to its average volume of 627,581. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.08. The company has a market capitalization of $813.01 million, a price-to-earnings ratio of -697.50 and a beta of 0.79. USA Technologies has a 52-week low of $4.50 and a 52-week high of $14.68.
USA Technologies (NASDAQ:USAT) last posted its earnings results on Tuesday, May 8th. The technology company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. USA Technologies had a negative net margin of 8.83% and a positive return on equity of 3.60%. The firm had revenue of $35.80 million for the quarter, compared to the consensus estimate of $38.29 million. The firm’s revenue for the quarter 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.
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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