Insider Selling: Net 1 Ueps Technolog Director Unloads 4,841 Shares of Stock (UEPS)
Net 1 Ueps Technolog (NASDAQ:UEPS) Director Paul Edwards sold 4,841 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The shares were sold at an average price of $11.24, for a total transaction of $54,412.84. Following the completion of the transaction, the director now directly owns 9,394 shares of the company’s stock, valued at approximately $105,589. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Net 1 Ueps Technolog (NASDAQ:UEPS) traded down 0.98% during mid-day trading on Tuesday, hitting $11.15. The stock had a trading volume of 182,735 shares. Net 1 Ueps Technolog has a 52-week low of $6.60 and a 52-week high of $13.00. The stock has a 50-day moving average of $10.50 and a 200-day moving average of $9.50. The company has a market cap of $506.2 million and a price-to-earnings ratio of 10.45.
Net 1 Ueps Technolog (NASDAQ:UEPS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.13. The company had revenue of $138.10 million for the quarter, compared to the consensus estimate of $129.54 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Analysts expect that Net 1 Ueps Technolog will post $1.58 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Net 1 Ueps Technolog from a “neutral” rating to an “outperform” rating in a research note on Monday, May 19th. They now have a $11.00 price target on the stock.
Net 1 UEPS Technologies, Inc (NASDAQ:UEPS) provides a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies.