USA Technologies (USAT) Rating Lowered to Hold at BidaskClub

USA Technologies (NASDAQ:USAT) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

USAT has been the subject of several other research reports. Zacks Investment Research cut shares of USA Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Northland Securities set a $12.00 price objective on shares of USA Technologies and gave the company a “buy” rating in a research report on Monday, December 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $11.50.

Shares of USA Technologies (NASDAQ USAT) opened at $8.10 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.67 and a quick ratio of 2.38. The firm has a market cap of $445.05, a PE ratio of 415.00 and a beta of 0.65. USA Technologies has a 1 year low of $3.80 and a 1 year high of $10.10.

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

In other USA Technologies news, Director Albin F. Moschner sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $8.25, for a total value of $165,000.00. Following the completion of the sale, the director now owns 422,926 shares in the company, valued at approximately $3,489,139.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albin F. Moschner sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $8.46, for a total transaction of $50,760.00. Following the completion of the sale, the director now owns 416,926 shares of the company’s stock, valued at approximately $3,527,193.96. The disclosure for this sale can be found here. Insiders sold a total of 120,901 shares of company stock valued at $1,080,337 in the last 90 days. Corporate insiders own 4.38% of the company’s stock.

Several large investors have recently modified their holdings of the company. Redmond Asset Management LLC acquired a new stake in shares of USA Technologies during the 4th quarter worth approximately $738,000. Aperio Group LLC acquired a new stake in shares of USA Technologies during the 4th quarter worth approximately $156,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of USA Technologies during the 4th quarter worth approximately $618,000. Schwab Charles Investment Management Inc. grew its position in shares of USA Technologies by 16.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 102,663 shares of the technology company’s stock worth $1,001,000 after buying an additional 14,263 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of USA Technologies during the 3rd quarter worth approximately $1,875,000. Institutional investors own 50.78% of the company’s stock.

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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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