Insider Selling: Christopher Stefan Seabrooke Sells 22,000 Shares of Net 1 Ueps Technolog Stock (UEPS)
Net 1 Ueps Technolog (NASDAQ:UEPS) Director Christopher Stefan Seabrooke unloaded 22,000 shares of the stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $11.03, for a total value of $242,660.00. Following the completion of the sale, the director now directly owns 15,768 shares of the company’s stock, valued at approximately $173,921. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Net 1 Ueps Technolog (NASDAQ:UEPS) traded down 1.51% on Friday, hitting $11.07. 124,114 shares of the company’s stock traded hands. 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 $10.69 and a 200-day moving average of $9.54. The company has a market cap of $502.5 million and a price-to-earnings ratio of 10.43.
Net 1 Ueps Technolog (NASDAQ:UEPS) last issued its quarterly earnings data 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 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.
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.
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