USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 12,000 shares of USA Technologies stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $8.29, for a total transaction of $99,480.00. Following the sale, the director now owns 392,926 shares in the company, valued at $3,257,356.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of USA Technologies, Inc. (NASDAQ:USAT) remained flat at $$8.45 during mid-day trading on Wednesday. 503,275 shares of the stock were exchanged, compared to its average volume of 311,381. USA Technologies, Inc. has a 1 year low of $3.80 and a 1 year high of $8.95. The stock has a market capitalization of $442.36, a P/E ratio of 412.50 and a beta of 1.03. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01.

USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.01. USA Technologies had a net margin of 0.37% and a return on equity of 1.20%. The firm had revenue of $25.62 million during the quarter, compared to the consensus estimate of $25.87 million. equities research analysts expect that USA Technologies, Inc. will post 0.07 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of USA Technologies by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock worth $7,720,000 after acquiring an additional 44,378 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of USA Technologies by 15.8% in the third quarter. Wasatch Advisors Inc. now owns 1,341,079 shares of the technology company’s stock worth $8,382,000 after acquiring an additional 182,701 shares during the last quarter. RK Capital Management LLC bought a new position in shares of USA Technologies in the third quarter worth about $8,027,000. Cortina Asset Management LLC raised its stake in shares of USA Technologies by 18.1% in the third quarter. Cortina Asset Management LLC now owns 1,240,613 shares of the technology company’s stock worth $7,754,000 after acquiring an additional 190,107 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of USA Technologies in the third quarter worth about $7,163,000. 51.17% of the stock is owned by institutional investors.

Several analysts have recently weighed in on USAT shares. Northland Securities reiterated a “buy” rating and set a $7.25 target price on shares of USA Technologies in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of USA Technologies from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a report on Wednesday, November 22nd. BidaskClub downgraded shares of USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, William Blair initiated coverage on shares of USA Technologies in a report on Thursday, August 24th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $8.25.

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About USA Technologies

USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.

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