USA Technologies (NASDAQ:USAT) was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, The Fly reports.
A number of other brokerages have also weighed in on USAT. Zacks Investment Research lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. BidaskClub lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. ValuEngine lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Finally, Lake Street Capital restated a “buy” rating on shares of USA Technologies in a report on Tuesday, January 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. USA Technologies currently has a consensus rating of “Buy” and a consensus target price of $11.56.
Shares of NASDAQ USAT opened at $6.88 on Thursday. USA Technologies has a twelve month low of $3.22 and a twelve month high of $16.83. The company has a market capitalization of $411.01 million, a P/E ratio of 97.86 and a beta of 1.82.
A number of hedge funds and other institutional investors have recently made changes to their positions in USAT. Dorsey & Whitney Trust CO LLC purchased a new position in USA Technologies in the 4th quarter worth approximately $65,000. Sheets Smith Wealth Management grew its position in USA Technologies by 88.0% in the 4th quarter. Sheets Smith Wealth Management now owns 20,825 shares of the technology company’s stock worth $81,000 after purchasing an additional 9,750 shares during the period. Greenwood Capital Associates LLC bought a new stake in USA Technologies in the 3rd quarter worth approximately $110,000. IFG Advisory LLC bought a new stake in USA Technologies in the 3rd quarter worth approximately $143,000. Finally, Bank of Montreal Can grew its position in USA Technologies by 1,265.7% in the 3rd quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock worth $181,000 after purchasing an additional 23,326 shares during the period. Institutional investors own 70.91% of the company’s stock.
USA Technologies Company Profile
USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.
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