Net 1 Ueps Technolog Lowered to Underperform at Zacks (UEPS)
Net 1 Ueps Technolog (NASDAQ:UEPS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday, Stock Ratings Network reports. They currently have a $11.20 price objective on the stock. Zacks‘ target price would indicate a potential downside of 4.84% from the company’s current price.
Net 1 Ueps Technolog (NASDAQ:UEPS) traded up 3.48% during mid-day trading on Thursday, hitting $12.18. 39,484 shares of the company’s stock traded hands. Net 1 Ueps Technolog has a one year low of $3.01 and a one year high of $13.00. The stock’s 50-day moving average is $11.48 and its 200-day moving average is $8.29. The company has a market cap of $550.4 million and a price-to-earnings ratio of 42.04.
Net 1 Ueps Technolog (NASDAQ:UEPS) last released its earnings data on Thursday, August 22nd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.09. The company had revenue of $117.88 million for the quarter, compared to the consensus estimate of $114.36 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Net 1 Ueps Technolog will post $1.25 earnings per share for the current fiscal year.
UEPS has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Net 1 Ueps Technolog from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, October 1st. Separately, analysts at Janney Montgomery Scott upgraded shares of Net 1 Ueps Technolog from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 10th. They now have a $16.00 price target on the stock, up previously from $10.00. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Net 1 Ueps Technolog from $8.00 to $10.00 in a research note to investors on Friday, August 23rd.
Net 1 UEPS Technologies, Inc (NASDAQ:UEPS) provides a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies.
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