USA Technologies (USAT) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of USA Technologies (NASDAQ:USAT) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation. “

USAT has been the topic of several other research reports. Northland Securities set a $12.00 target price on shares of USA Technologies and gave the stock a buy rating in a research report on Monday, December 18th. BidaskClub downgraded shares of USA Technologies from a strong-buy rating to a buy rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $11.00.

Shares of USA Technologies (USAT) opened at $8.48 on Tuesday. The firm has a market cap of $469.20, a P/E ratio of -35.31 and a beta of 0.65. USA Technologies has a 12-month low of $3.80 and a 12-month high of $10.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.38 and a current ratio of 1.36.

USA Technologies (NASDAQ:USAT) last released its 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 company had revenue of $32.51 million for 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 expect that USA Technologies will post 0.07 earnings per share for the current year.

In other USA Technologies news, Director Albin F. Moschner sold 12,000 shares of USA Technologies stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $8.29, for a total transaction of $99,480.00. Following the completion of the sale, the director now directly owns 392,926 shares in the company, valued at approximately $3,257,356.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Albin F. Moschner sold 6,000 shares of USA Technologies stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $8.46, for a total transaction of $50,760.00. Following the sale, the director now owns 416,926 shares of the company’s stock, valued at $3,527,193.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,901 shares of company stock valued at $915,337. Company insiders own 4.38% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new stake in USA Technologies during the 4th quarter valued at approximately $118,000. Aperio Group LLC acquired a new stake in USA Technologies during the 4th quarter valued at approximately $156,000. Prudential Financial Inc. acquired a new stake in USA Technologies during the 3rd quarter valued at approximately $121,000. MetLife Investment Advisors LLC acquired a new stake in USA Technologies during the 4th quarter valued at approximately $233,000. Finally, Alliancebernstein L.P. acquired a new stake in USA Technologies during the 2nd quarter valued at approximately $130,000. Institutional investors and hedge funds own 52.71% 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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