Northland Securities set a $12.00 price target on USA Technologies (NASDAQ:USAT) in a research note published on Monday morning. The brokerage currently has a buy rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of USA Technologies from a strong sell rating to a hold rating in a research report on Wednesday, October 25th. William Blair began coverage on USA Technologies in a report on Thursday, August 24th. They issued an outperform rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. USA Technologies has a consensus rating of Hold and a consensus price target of $10.63.

Shares of USA Technologies (NASDAQ USAT) opened at $9.90 on Monday. The company has a market cap of $493.30, a P/E ratio of 460.00 and a beta of 1.03. USA Technologies has a 52-week low of $3.80 and a 52-week high of $9.95. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01.

USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.01. The company had revenue of $25.62 million during the quarter, compared to the consensus estimate of $25.87 million. USA Technologies had a net margin of 0.37% and a return on equity of 1.20%. research analysts expect that USA Technologies will post 0.07 earnings per share for the current year.

In related news, Director Albin F. Moschner sold 6,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $8.46, for a total value of $50,760.00. Following the transaction, the director now directly owns 416,926 shares in the company, valued at approximately $3,527,193.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Albin F. Moschner sold 20,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $8.25, for a total value of $165,000.00. Following the completion of the transaction, the director now owns 422,926 shares in the company, valued at $3,489,139.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,379 shares of company stock worth $680,327. 4.38% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of USA Technologies by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock worth $643,000 after purchasing an additional 1,540 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of USA Technologies by 4.1% in the 2nd quarter. Teachers Advisors LLC now owns 66,813 shares of the technology company’s stock worth $347,000 after purchasing an additional 2,620 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of USA Technologies by 2.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 105,852 shares of the technology company’s stock worth $550,000 after purchasing an additional 2,692 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of USA Technologies by 17.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock worth $181,000 after purchasing an additional 5,263 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in USA Technologies by 10.6% during the 3rd quarter. California State Teachers Retirement System now owns 76,270 shares of the technology company’s stock valued at $477,000 after acquiring an additional 7,300 shares in the last quarter. Institutional investors own 51.17% of the company’s stock.

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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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