BidaskClub Lowers USA Technologies (USAT) to Sell

BidaskClub downgraded shares of USA Technologies (NASDAQ:USAT) from a hold rating to a sell rating in a research note released on Tuesday morning.

USAT has been the topic of several other research reports. ValuEngine raised USA Technologies from a sell rating to a hold rating in a report on Tuesday, November 27th. Zacks Investment Research raised USA Technologies from a hold rating to a buy rating and set a $7.75 price target on the stock in a report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $12.92.

NASDAQ:USAT opened at $4.40 on Tuesday. USA Technologies has a twelve month low of $4.24 and a twelve month high of $16.83. The stock has a market capitalization of $283.80 million, a price-to-earnings ratio of 67.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34.

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of USA Technologies by 7.9% in the 3rd quarter. BlackRock Inc. now owns 3,727,553 shares of the technology company’s stock valued at $26,839,000 after acquiring an additional 271,740 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of USA Technologies by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,795,837 shares of the technology company’s stock valued at $20,130,000 after buying an additional 74,463 shares in the last quarter. Morgan Stanley raised its holdings in shares of USA Technologies by 168.2% during the 3rd quarter. Morgan Stanley now owns 1,992,684 shares of the technology company’s stock valued at $14,348,000 after buying an additional 1,249,662 shares in the last quarter. Waddell & Reed Financial Inc. purchased a new position in shares of USA Technologies during the 2nd quarter valued at about $20,600,000. Finally, Janus Henderson Group PLC raised its holdings in shares of USA Technologies by 14.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,395,616 shares of the technology company’s stock valued at $10,048,000 after buying an additional 178,220 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

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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