USA Technologies, Inc. (NASDAQ:USAT) has received an average recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $14.00.

A number of brokerages have recently weighed in on USAT. Barrington Research reiterated a “buy” rating on shares of USA Technologies in a research note on Friday. Northland Securities reiterated a “buy” rating and set a $14.00 target price on shares of USA Technologies in a research note on Thursday, March 15th. BidaskClub upgraded USA Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Finally, Zacks Investment Research lowered USA Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th.

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

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in USA Technologies by 8.1% during the 4th quarter. BlackRock Inc. now owns 2,333,019 shares of the technology company’s stock worth $22,748,000 after acquiring an additional 175,481 shares during the period. Next Century Growth Investors LLC increased its stake in USA Technologies by 51.7% during the 4th quarter. Next Century Growth Investors LLC now owns 1,552,604 shares of the technology company’s stock worth $15,137,000 after acquiring an additional 529,142 shares during the period. Vanguard Group Inc. increased its stake in USA Technologies by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock worth $7,720,000 after acquiring an additional 44,378 shares during the period. Wasatch Advisors Inc. increased its stake in USA Technologies by 15.8% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,341,079 shares of the technology company’s stock worth $8,382,000 after acquiring an additional 182,701 shares during the period. Finally, RK Capital Management LLC bought a new position in USA Technologies during the 3rd quarter worth $8,027,000. Hedge funds and other institutional investors own 56.05% of the company’s stock.

USA Technologies (NASDAQ:USAT) traded down $0.24 during trading hours on Friday, reaching $9.26. The company’s stock had a trading volume of 143,664 shares, compared to its average volume of 506,880. 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 company has a market capitalization of $520.14, a price-to-earnings ratio of -38.96 and a beta of 0.68. USA Technologies has a 12-month low of $3.95 and a 12-month high of $10.10.

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

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USA Technologies Company Profile

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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