USA Technologies’ (USAT) “Buy” Rating Reaffirmed at Northland Securities
Northland Securities reaffirmed their buy rating on shares of USA Technologies, Inc. (NASDAQ:USAT) in a report published on Tuesday. The firm currently has a $7.25 price target on the technology company’s stock.
Several other equities research analysts have also recently commented on the company. William Blair began coverage on USA Technologies in a research note on Thursday, August 24th. They set an outperform rating for the company. Zacks Investment Research cut USA Technologies from a hold rating to a strong sell rating in a research note on Thursday, August 24th. BidaskClub cut USA Technologies from a buy rating to a hold rating in a research note on Saturday, August 12th. Finally, ValuEngine upgraded USA Technologies from a sell rating to a hold rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $7.25.
USA Technologies (USAT) opened at 5.25 on Tuesday. The firm’s market cap is $262.59 million. USA Technologies has a one year low of $3.55 and a one year high of $5.90. The company has a 50-day moving average of $5.41 and a 200 day moving average of $4.86.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings data on Tuesday, August 22nd. The technology company reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. USA Technologies had a negative return on equity of 0.81% and a negative net margin of 1.78%. The company had revenue of $34.29 million during the quarter, compared to analysts’ expectations of $33.29 million. Equities research analysts expect that USA Technologies will post $0.04 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. purchased a new stake in shares of USA Technologies during the second quarter worth approximately $130,000. New York State Common Retirement Fund raised its stake in shares of USA Technologies by 75.7% during the second quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock worth $154,000 after purchasing an additional 12,799 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of USA Technologies by 17.8% during the second quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock worth $181,000 after purchasing an additional 5,263 shares during the last quarter. Rhumbline Advisers raised its stake in shares of USA Technologies by 25.2% during the second quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock worth $205,000 after purchasing an additional 7,935 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of USA Technologies during the second quarter worth approximately $197,000. Institutional investors and hedge funds own 35.38% of the company’s stock.
USA Technologies Company Profile
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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