BidaskClub downgraded shares of USA Technologies (NASDAQ:USAT) from a buy rating to a hold rating in a report released on Saturday morning.

Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of USA Technologies from a hold rating to a strong-buy rating and set a $7.75 price objective on the stock in a research report on Saturday, November 11th. Northland Securities set a $12.00 price objective on shares of USA Technologies and gave the company a buy rating in a research report on Monday, December 18th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $11.50.

Shares of USA Technologies (NASDAQ:USAT) traded down $0.20 during mid-day trading on Friday, hitting $8.10. 407,103 shares of the stock traded hands, compared to its average volume of 376,839. The company has a market cap of $434.32, a P/E ratio of 405.00 and a beta of 0.65. USA Technologies has a 12-month low of $3.80 and a 12-month high of $10.10. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01.

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

In other USA Technologies news, Director Albin F. Moschner sold 9,478 shares of USA Technologies stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $9.61, for a total value of $91,083.58. Following the sale, the director now directly owns 352,926 shares in the company, valued at approximately $3,391,618.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Albin F. Moschner sold 8,000 shares of USA Technologies stock in a transaction on Monday, November 27th. The shares were sold at an average price of $8.47, for a total transaction of $67,760.00. Following the completion of the sale, the director now owns 416,926 shares in the company, valued at $3,531,363.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,901 shares of company stock worth $1,080,337. 4.38% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aperio Group LLC bought a new stake in USA Technologies in the 4th quarter valued at $156,000. Prudential Financial Inc. bought a new stake in USA Technologies in the 3rd quarter valued at $121,000. Alliancebernstein L.P. bought a new stake in USA Technologies in the 2nd quarter valued at $130,000. New York State Common Retirement Fund increased its holdings in USA Technologies by 75.7% in the 2nd quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $154,000 after acquiring an additional 12,799 shares during the last quarter. Finally, Archon Capital Management LLC bought a new stake in USA Technologies in the 3rd quarter valued at $188,000. Institutional investors own 50.78% of the company’s stock.

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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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