USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $8.62, for a total value of $103,440.00. Following the completion of the transaction, the director now directly owns 406,963 shares of the company’s stock, valued at $3,508,021.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of USA Technologies, Inc. (NASDAQ USAT) remained flat at $$8.45 on Thursday. 503,200 shares of the company were exchanged, compared to its average volume of 311,381. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $453.09, a price-to-earnings ratio of 422.50 and a beta of 1.03. USA Technologies, Inc. has a twelve month low of $3.80 and a twelve month high of $8.95.

USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $25.62 million during the quarter, compared to the consensus estimate of $25.87 million. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. equities analysts forecast that USA Technologies, Inc. will post 0.07 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC purchased a new stake in USA Technologies in the second quarter valued at approximately $1,668,000. Ardsley Advisory Partners purchased a new stake in USA Technologies in the second quarter valued at approximately $2,080,000. Vanguard Group Inc. lifted its stake in USA Technologies by 3.3% in the first quarter. Vanguard Group Inc. now owns 1,440,142 shares of the technology company’s stock valued at $6,121,000 after buying an additional 45,825 shares during the last quarter. Wells Fargo & Company MN lifted its stake in USA Technologies by 16.0% in the second quarter. Wells Fargo & Company MN now owns 716,928 shares of the technology company’s stock valued at $3,728,000 after buying an additional 99,035 shares during the last quarter. Finally, Trellus Management Company LLC purchased a new stake in USA Technologies in the third quarter valued at approximately $478,000. Institutional investors own 51.17% of the company’s stock.

A number of brokerages recently issued reports on USAT. Zacks Investment Research raised USA Technologies from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a report on Wednesday, November 22nd. Northland Securities reaffirmed a “buy” rating and issued a $7.25 price target on shares of USA Technologies in a report on Tuesday, September 5th. William Blair began coverage on USA Technologies in a report on Thursday, August 24th. They issued an “outperform” rating for the company. Finally, BidaskClub downgraded USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.25.

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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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