Insider Buying: Net 1 UEPS Technologies Inc (UEPS) Director Acquires 20,000 Shares of Stock
Net 1 UEPS Technologies Inc (NASDAQ:UEPS) Director Christopher Stefan Seabrooke acquired 20,000 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were bought at an average price of $7.48 per share, with a total value of $149,600.00. Following the completion of the purchase, the director now directly owns 18,124 shares of the company’s stock, valued at $135,567.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Net 1 UEPS Technologies stock opened at $7.65 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 1.47. Net 1 UEPS Technologies Inc has a 52-week low of $5.90 and a 52-week high of $13.20. The firm has a market cap of $407.55 million, a price-to-earnings ratio of 3.73 and a beta of 1.23.
Net 1 UEPS Technologies (NASDAQ:UEPS) last released its quarterly earnings data on Wednesday, August 29th. The business services provider reported $0.21 earnings per share (EPS) for the quarter. Net 1 UEPS Technologies had a return on equity of 13.96% and a net margin of 6.39%. The firm had revenue of $149.19 million during the quarter.
Several research analysts have issued reports on UEPS shares. Maxim Group dropped their price objective on Net 1 UEPS Technologies from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, August 29th. ValuEngine upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. BidaskClub lowered Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Finally, Sidoti started coverage on Net 1 UEPS Technologies in a research note on Thursday, June 28th. They set a “buy” rating and a $18.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Net 1 UEPS Technologies presently has an average rating of “Hold” and an average price target of $15.50.
About Net 1 UEPS Technologies
Net 1 UEPS Technologies, Inc provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies, and for mobile transaction channels.
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