BidaskClub Downgrades USA Technologies (USAT) to Hold

BidaskClub lowered shares of USA Technologies (NASDAQ:USAT) from a buy rating to a hold rating in a report issued on Tuesday.

Several other research firms also recently weighed in on USAT. Northland Securities reissued a buy rating and issued a $14.00 price target on shares of USA Technologies in a research note on Thursday, March 15th. Zacks Investment Research raised shares of USA Technologies from a hold rating to a strong-buy rating and set a $11.00 price target for the company in a research note on Friday, January 12th. Finally, Barrington Research reissued a buy rating on shares of USA Technologies in a research note on Friday, March 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $11.67.

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USA Technologies stock opened at $8.55 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $466.70, a price-to-earnings ratio of 290.00 and a beta of 0.59. USA Technologies has a twelve month low of $3.95 and a twelve month high of $10.10.

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

Several large investors have recently modified their holdings of USAT. Russell Investments Group Ltd. bought a new position in shares of USA Technologies during the third quarter valued at about $7,163,000. UBS Asset Management Americas Inc. bought a new position in shares of USA Technologies during the fourth quarter valued at about $11,007,000. Castleark Management LLC bought a new position in shares of USA Technologies during the fourth quarter valued at about $6,715,000. Emerald Advisers Inc. PA raised its stake in shares of USA Technologies by 1,408.0% during the fourth quarter. Emerald Advisers Inc. PA now owns 572,131 shares of the technology company’s stock valued at $5,578,000 after acquiring an additional 534,191 shares during the last quarter. Finally, Next Century Growth Investors LLC raised its stake in shares of USA Technologies by 51.7% during the fourth quarter. Next Century Growth Investors LLC now owns 1,552,604 shares of the technology company’s stock valued at $15,137,000 after acquiring an additional 529,142 shares during the last quarter. 56.05% of the stock is owned by hedge funds and other institutional investors.

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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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