USA Technologies (NASDAQ:USAT) received a $12.00 price objective from analysts at Northland Securities in a research note issued to investors on Monday, December 18th. The brokerage presently has a “buy” rating on the technology company’s stock. Northland Securities’ target price suggests a potential upside of 27.66% from the company’s previous close.
A number of other research firms have also issued reports on USAT. Zacks Investment Research lowered USA Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. William Blair started coverage on USA Technologies in a research note on Thursday, August 24th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $11.50.
Shares of USA Technologies (NASDAQ USAT) remained flat at $$9.40 during trading hours on Monday. The company had a trading volume of 293,528 shares, compared to its average volume of 519,966. The firm has a market cap of $504.03, a PE ratio of 940.94 and a beta of 1.02. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. USA Technologies has a 12-month low of $3.80 and a 12-month high of $10.10.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. The business had revenue of $25.62 million for the quarter, compared to analyst estimates of $25.87 million. equities research analysts anticipate that USA Technologies will post 0.07 earnings per share for the current fiscal year.
In related news, Director Albin F. Moschner sold 9,478 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $9.61, for a total value of $91,083.58. Following the sale, the director now owns 352,926 shares of the company’s stock, valued at approximately $3,391,618.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Albin F. Moschner sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $9.15, for a total value of $54,900.00. Following the completion of the sale, the director now directly owns 352,926 shares in the company, valued at approximately $3,229,272.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,901 shares of company stock worth $1,080,337. 4.38% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in USA Technologies by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock valued at $643,000 after acquiring an additional 1,540 shares during the last quarter. Teachers Advisors LLC raised its holdings in USA Technologies by 4.1% in the 2nd quarter. Teachers Advisors LLC now owns 66,813 shares of the technology company’s stock valued at $347,000 after acquiring an additional 2,620 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in USA Technologies by 2.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 105,852 shares of the technology company’s stock valued at $550,000 after acquiring an additional 2,692 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in USA Technologies by 17.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after acquiring an additional 5,263 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in USA Technologies by 10.6% in the 3rd quarter. California State Teachers Retirement System now owns 76,270 shares of the technology company’s stock valued at $477,000 after acquiring an additional 7,300 shares during the last quarter. Institutional investors own 51.17% of the company’s stock.
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About USA Technologies
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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