USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 8,000 shares of USA Technologies stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $8.47, for a total transaction of $67,760.00. Following the completion of the sale, the director now directly owns 416,926 shares of the company’s stock, valued at $3,531,363.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of USA Technologies, Inc. (USAT) traded down $0.15 during midday trading on Monday, hitting $8.50. 541,058 shares of the stock traded hands, compared to its average volume of 306,517. USA Technologies, Inc. has a one year low of $3.80 and a one year high of $8.80. The stock has a market cap of $463.81, a PE ratio of 432.50 and a beta of 0.87. 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 data on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. USA Technologies had a net margin of 0.37% and a return on equity of 1.20%. The company had revenue of $25.62 million during the quarter, compared to analysts’ expectations of $25.87 million. sell-side analysts forecast that USA Technologies, Inc. will post 0.07 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new stake in shares of USA Technologies during the 2nd quarter valued at $1,668,000. Ardsley Advisory Partners purchased a new stake in shares of USA Technologies during the 2nd quarter valued at $2,080,000. Vanguard Group Inc. grew its stake in shares of USA Technologies by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 1,440,142 shares of the technology company’s stock valued at $6,121,000 after buying an additional 45,825 shares during the period. Wells Fargo & Company MN grew its stake in shares of USA Technologies by 16.0% during the 2nd quarter. Wells Fargo & Company MN now owns 716,928 shares of the technology company’s stock valued at $3,728,000 after buying an additional 99,035 shares during the period. Finally, Trellus Management Company LLC purchased a new stake in USA Technologies during the 3rd quarter worth $478,000. 43.06% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on USAT. Zacks Investment Research raised shares of USA Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th. William Blair began coverage on shares of USA Technologies in a research note on Thursday, August 24th. They set an “outperform” rating for the company. BidaskClub cut shares of USA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Northland Securities reissued a “buy” rating and set a $7.25 price objective on shares of USA Technologies in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $8.25.
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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