Lake Street Capital Lowers USA Technologies (USAT) to Hold

USA Technologies (NASDAQ:USAT) was downgraded by Lake Street Capital from a “buy” rating to a “hold” rating in a note issued to investors on Monday, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Craig Hallum decreased their price objective on USA Technologies from $16.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, January 15th. Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Tuesday, January 1st. ValuEngine upgraded USA Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. BidaskClub upgraded USA Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Finally, Northland Securities cut USA Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. USA Technologies presently has a consensus rating of “Hold” and an average price target of $11.56.

Shares of NASDAQ USAT opened at $3.80 on Monday. The firm has a market cap of $228.00 million, a P/E ratio of 54.29 and a beta of 1.82. USA Technologies has a 1-year low of $3.19 and a 1-year high of $16.83.

A number of institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its stake in USA Technologies by 2.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,215,351 shares of the technology company’s stock valued at $4,728,000 after buying an additional 25,594 shares during the last quarter. BlackRock Inc. raised its stake in USA Technologies by 4.5% in the fourth quarter. BlackRock Inc. now owns 3,893,655 shares of the technology company’s stock valued at $15,146,000 after buying an additional 166,102 shares during the last quarter. Perritt Capital Management Inc. raised its stake in USA Technologies by 75.0% in the fourth quarter. Perritt Capital Management Inc. now owns 105,000 shares of the technology company’s stock valued at $408,000 after buying an additional 45,000 shares during the last quarter. First Washington CORP raised its stake in USA Technologies by 50.9% in the fourth quarter. First Washington CORP now owns 536,570 shares of the technology company’s stock valued at $2,087,000 after buying an additional 180,970 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in USA Technologies in the fourth quarter valued at about $67,000. Institutional investors own 71.66% of the company’s stock.

About USA Technologies

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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