Shares of USA Technologies, Inc. (NASDAQ:USAT) have earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $9.00.
Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Zacks Investment Research cut shares of Zynex from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Finally, Lake Street Capital lifted their price target on shares of USA Technologies from $4.50 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, June 6th.
USAT stock traded down $0.07 on Thursday, hitting $7.02. The company had a trading volume of 514,020 shares, compared to its average volume of 1,379,997. USA Technologies has a 12-month low of $3.19 and a 12-month high of $16.83. The company has a 50-day moving average of $7.32.
Institutional investors have recently modified their holdings of the company. Two Sigma Investments LP purchased a new position in shares of USA Technologies during the 4th quarter worth $2,060,000. Deutsche Bank AG raised its position in shares of USA Technologies by 427.3% during the 4th quarter. Deutsche Bank AG now owns 1,006,453 shares of the technology company’s stock valued at $3,914,000 after purchasing an additional 815,585 shares during the period. GSA Capital Partners LLP bought a new stake in shares of USA Technologies during the 4th quarter valued at $402,000. Perkins Capital Management Inc. raised its position in shares of USA Technologies by 157.0% during the 1st quarter. Perkins Capital Management Inc. now owns 287,935 shares of the technology company’s stock valued at $1,195,000 after purchasing an additional 175,900 shares during the period. Finally, S Squared Technology LLC raised its position in shares of USA Technologies by 15.7% during the 1st quarter. S Squared Technology LLC now owns 488,031 shares of the technology company’s stock valued at $2,025,000 after purchasing an additional 66,200 shares during the period. Institutional investors and hedge funds own 65.74% of the company’s stock.
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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