USA Technologies (USAT) Given “Buy” Rating at Barrington Research

USA Technologies (NASDAQ:USAT)‘s stock had its “buy” rating reiterated by investment analysts at Barrington Research in a research report issued on Friday.

The analysts wrote, “We came away from the NAMA OneShow with a continued strong conviction in the long?term secular growth potential of the movement to cashless payment methods in the unattended market and the need by vendor operators for mission critical cloud?based vending management and analytics software to drive merchandising strategies, as well as operational efficiencies and the continued positive ramifications of this transition on USA Technologies.””

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Other equities research analysts have also issued reports about the company. BidaskClub upgraded USA Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Northland Securities set a $12.00 price objective on USA Technologies and gave the company a “buy” rating in a research note on Monday, December 18th. Finally, Zacks Investment Research lowered USA Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $12.00.

USA Technologies (NASDAQ:USAT) opened at $9.15 on Friday. USA Technologies has a 12 month low of $3.95 and a 12 month high of $10.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.36. The stock has a market capitalization of $509.42, a PE ratio of -38.13 and a beta of 0.68.

USA Technologies (NASDAQ:USAT) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. USA Technologies had a positive return on equity of 2.18% and a negative net margin of 10.39%. The firm had revenue of $32.51 million for the quarter, compared to analyst estimates of $31.38 million. equities analysts anticipate that USA Technologies will post 0.06 EPS for the current fiscal year.

In other news, Director Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $9.45, for a total value of $189,000.00. Following the sale, the director now directly owns 352,926 shares in the company, valued at approximately $3,335,150.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Albin F. Moschner sold 9,478 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $9.61, for a total value of $91,083.58. Following the completion of the sale, the director now owns 352,926 shares in the company, valued at $3,391,618.86. The disclosure for this sale can be found here. Corporate insiders own 4.38% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in USAT. RK Capital Management LLC bought a new stake in shares of USA Technologies in the 3rd quarter valued at approximately $8,027,000. Russell Investments Group Ltd. bought a new stake in USA Technologies during the 3rd quarter worth approximately $7,163,000. UBS Asset Management Americas Inc. bought a new stake in USA Technologies during the 4th quarter worth approximately $11,007,000. Castleark Management LLC bought a new stake in USA Technologies during the 4th quarter worth approximately $6,715,000. Finally, Emerald Advisers Inc. PA grew its position in USA Technologies by 1,408.0% during the 4th quarter. Emerald Advisers Inc. PA now owns 572,131 shares of the technology company’s stock worth $5,578,000 after acquiring an additional 534,191 shares during the last quarter. Institutional investors own 56.05% 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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