Replies to post #2251 on USA Technologies Inc (USAT)

[FUNMAN]

5 months until Hudson takes over, and not 1 day longer, please.

[FUNMAN]

Form 4 from the new Chief Compliance Officer, James M Pollock.

https://usatechnologiesinc.gcs-web.com/node/18686/html

He exercised options at an avg PPS of $6.91

He did not have to execute his options now.

IMO, he probably sees this as a good price because good things might happen if Hudson takes over.

It would be great if the current mgmt and BoD teams just negotiated parachutes with Hudson and left. Most will be gone anyway after the annual meeting.

I sure hope Hudson has already locked up the institutional holders.

[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.