Albin F. Moschner Sells 12,000 Shares of USA Technologies, Inc. (USAT) Stock

USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $8.62, for a total value of $103,440.00. Following the completion of the transaction, the director now directly owns 406,963 shares of the company’s stock, valued at $3,508,021.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

USA Technologies, Inc. (NASDAQ USAT) opened at $8.45 on Wednesday. USA Technologies, Inc. has a twelve month low of $3.80 and a twelve month high of $8.95. The stock has a market capitalization of $453.09, a P/E ratio of 422.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.67 and a quick ratio of 2.38.

USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, beating the Zacks’ 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 return on equity of 1.20% and a net margin of 0.37%. equities research analysts predict that USA Technologies, Inc. will post 0.07 EPS for the current fiscal year.

A number of research analysts have issued reports on USAT shares. Zacks Investment Research downgraded USA Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 15th. BidaskClub downgraded USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. William Blair started coverage on USA Technologies in a report on Thursday, August 24th. They issued an “outperform” rating for the company. Finally, Northland Securities reissued a “buy” rating and issued a $7.25 price target on shares of USA Technologies in a report on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. USA Technologies currently has a consensus rating of “Hold” and an average price target of $8.25.

Several hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in shares of USA Technologies during the 3rd quarter worth approximately $1,875,000. Allianz Asset Management GmbH raised its stake in shares of USA Technologies by 7.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 649,495 shares of the technology company’s stock worth $4,059,000 after buying an additional 45,001 shares during the period. California State Teachers Retirement System raised its stake in shares of 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 worth $477,000 after buying an additional 7,300 shares during the period. RK Capital Management LLC acquired a new position in shares of USA Technologies during the 3rd quarter worth approximately $8,027,000. Finally, Formula Growth Ltd. raised its stake in shares of USA Technologies by 111.3% during the 3rd quarter. Formula Growth Ltd. now owns 284,789 shares of the technology company’s stock worth $1,780,000 after buying an additional 150,000 shares during the period. 51.17% of the stock is owned by institutional investors and hedge funds.

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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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