Insider Selling: Christopher Stefan Seabrooke Unloads 8,041 Shares of Net 1 Ueps Technolog Stock (UEPS)
Net 1 Ueps Technolog (NASDAQ:UEPS) Director Christopher Stefan Seabrooke sold 8,041 shares of Net 1 Ueps Technolog stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $12.97, for a total transaction of $104,291.77. Following the completion of the transaction, the director now directly owns 13,604 shares of the company’s stock, valued at approximately $176,444. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Zacks downgraded shares of Net 1 Ueps Technolog from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $12.70 price target on the stock.
Shares of Net 1 Ueps Technolog (NASDAQ:UEPS) traded up 2.15% during mid-day trading on Thursday, hitting $13.31. The stock had a trading volume of 477,255 shares. Net 1 Ueps Technolog has a one year low of $7.03 and a one year high of $13.38. The stock’s 50-day moving average is $11.07 and its 200-day moving average is $10.5. The company has a market cap of $631.3 million and a price-to-earnings ratio of 8.69.
Net 1 Ueps Technolog (NASDAQ:UEPS) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.58. The company had revenue of $182.75 million for the quarter. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 55.0% on a year-over-year basis. On average, analysts predict that Net 1 Ueps Technolog will post $1.90 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.