Insider Selling: Christopher Stefan Seabrooke Sells 52,500 Shares of Net 1 Ueps Technolog Stock (UEPS)
Net 1 Ueps Technolog (NASDAQ:UEPS) Director Christopher Stefan Seabrooke unloaded 52,500 shares of Net 1 Ueps Technolog stock on the open market in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $11.17, for a total value of $586,425.00. Following the sale, the director now directly owns 15,768 shares in the company, valued at approximately $176,129. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 Technolog (NASDAQ:UEPS) traded down 0.90% during mid-day trading on Wednesday, hitting $11.05. The stock had a trading volume of 139,628 shares. Net 1 Ueps Technolog has a one year low of $6.60 and a one year high of $13.00. The stock’s 50-day moving average is $10.5 and its 200-day moving average is $9.52. The company has a market cap of $501.6 million and a P/E ratio of 10.34.
Net 1 Ueps Technolog (NASDAQ:UEPS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, analysts predict that Net 1 Ueps Technolog will post $1.58 earnings per share for the current fiscal year.
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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