USA Technologies (NASDAQ:USAT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation. “
Several other equities research analysts have also recently commented on USAT. Northland Securities set a $12.00 price target on shares of USA Technologies and gave the stock a “buy” rating in a research report on Monday, December 18th. BidaskClub cut shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.00.
Shares of USA Technologies (NASDAQ USAT) opened at $8.70 on Tuesday. USA Technologies has a one year low of $3.80 and a one year high of $10.10. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. The firm has a market cap of $490.65, a PE ratio of -36.25 and a beta of 0.65.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. USA Technologies had a negative net margin of 10.39% and a positive return on equity of 2.44%. The firm had revenue of $32.51 million for the quarter, compared to analysts’ expectations of $31.38 million. research analysts predict that USA Technologies will post 0.07 EPS for the current year.
In other USA Technologies news, Director Albin F. Moschner sold 8,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $8.47, for a total value of $67,760.00. Following the sale, the director now directly owns 416,926 shares in the company, valued at $3,531,363.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $8.25, for a total transaction of $165,000.00. Following the completion of the sale, the director now owns 422,926 shares in the company, valued at $3,489,139.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,901 shares of company stock worth $1,080,337. 4.38% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of USAT. RK Capital Management LLC purchased a new position in USA Technologies in the 3rd quarter worth about $8,027,000. Russell Investments Group Ltd. purchased a new position in USA Technologies in the 3rd quarter worth about $7,163,000. UBS Asset Management Americas Inc. purchased a new position in USA Technologies in the 4th quarter worth about $11,007,000. Emerald Advisers Inc. PA increased its stake in USA Technologies by 1,408.0% in the 4th quarter. Emerald Advisers Inc. PA now owns 572,131 shares of the technology company’s stock worth $5,578,000 after purchasing an additional 534,191 shares in the last quarter. Finally, Next Century Growth Investors LLC increased its stake in USA Technologies by 51.7% in the 4th quarter. Next Century Growth Investors LLC now owns 1,552,604 shares of the technology company’s stock worth $15,137,000 after purchasing an additional 529,142 shares in the last quarter. 52.71% of the stock is currently owned by hedge funds and other institutional investors.
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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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