USA Technologies Inc (USAT)

[FUNMAN]

USA Technologies, Inc. (OTCMKTS:USAT) Receives $9.50 Consensus PT from Analysts

Posted by Kay Greene on Dec 13th, 2019

https://technewsobserver.com/news/2019/12/13/usa-technologies-inc-otcmktsusat-receives-9-50-consensus-pt-from-analysts.html

It will go much higher than $9.50 if it looks like Hudson is going to win the PROXY fight, and current mgmt doesn't set fire to the business.

hares of USA Technologies, Inc. (OTCMKTS:USAT) have been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.50.

A number of research analysts have recently issued reports on the stock. Northland Securities restated a “hold” rating on shares of USA Technologies in a research report on Friday, October 11th. Zacks Investment Research downgraded shares of USA Technologies from a “hold” rating to a “sell” rating in a research report on Friday. William Blair assumed coverage on shares of USA Technologies in a research report on Tuesday, October 15th. They issued a “buy” rating on the stock. Craig Hallum assumed coverage on shares of USA Technologies in a research report on Thursday, October 10th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, Lake Street Capital upgraded shares of USA Technologies from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Friday, October 11th.

USAT stock traded up $1.59 during mid-day trading on Friday, hitting $8.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.86. USA Technologies has a fifty-two week low of $3.19 and a fifty-two week high of $8.45. The stock has a 50 day simple moving average of $7.27 and a 200 day simple moving average of $6.83.


USA Technologies (OTCMKTS:USAT) last announced its quarterly earnings data on Tuesday, November 12th. The technology company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). The company had revenue of $42.15 million for the quarter, compared to analyst estimates of $38.13 million. USA Technologies had a negative return on equity of 29.43% and a negative net margin of 25.33%. Sell-side analysts anticipate that USA Technologies will post -0.04 EPS for the current year.

In other USA Technologies news, major shareholder Hudson Executive Capital Lp purchased 165,000 shares of USA Technologies stock in a transaction dated Wednesday, October 16th. The shares were bought at an average cost of $7.26 per share, for a total transaction of $1,197,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 1,564,200 shares of company stock worth $7,582,252. Insiders own 4.43% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Barclays PLC increased its stake in USA Technologies by 137.6% during the 3rd quarter. Barclays PLC now owns 354,803 shares of the technology company’s stock valued at $2,601,000 after buying an additional 205,470 shares during the period. California Public Employees Retirement System grew its stake in shares of USA Technologies by 14.8% in the 3rd quarter. California Public Employees Retirement System now owns 129,800 shares of the technology company’s stock worth $951,000 after purchasing an additional 16,700 shares during the last quarter. P.A.W. Capital Corp grew its stake in shares of USA Technologies by 36.1% in the 3rd quarter. P.A.W. Capital Corp now owns 490,000 shares of the technology company’s stock worth $3,592,000 after purchasing an additional 130,000 shares during the last quarter. Parallax Volatility Advisers L.P. grew its stake in shares of USA Technologies by 304.2% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 65,481 shares of the technology company’s stock worth $487,000 after purchasing an additional 49,281 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of USA Technologies in the 2nd quarter worth approximately $264,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

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.