Zacks Investment Research Lowers USA Technologies (NASDAQ:USAT) to Sell

Zacks Investment Research lowered shares of USA Technologies (NASDAQ:USAT) from a hold rating to a sell rating in a research note issued to investors on Wednesday, reports.

According to Zacks, “USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT offers one solution to the retail community for payments processing, logistics, and back-office management solutions. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and their inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, car charging stations, laundromats, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively. “

A number of other brokerages have also weighed in on USAT. Northland Securities raised shares of USA Technologies from a market perform rating to an outperform rating in a research note on Wednesday, December 16th. Lake Street Capital lifted their price objective on USA Technologies from $10.00 to $12.00 and gave the company a buy rating in a research report on Friday, February 5th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $10.00.

Shares of USA Technologies stock opened at $12.35 on Wednesday. The firm has a market cap of $877.67 million, a PE ratio of -21.67 and a beta of 2.10. The company’s fifty day simple moving average is $11.00 and its two-hundred day simple moving average is $9.77. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 0.15. USA Technologies has a 12-month low of $4.51 and a 12-month high of $12.94.

USA Technologies (NASDAQ:USAT) last announced its earnings results on Thursday, February 4th. The technology company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. USA Technologies had a negative return on equity of 22.76% and a negative net margin of 22.78%. The company had revenue of $38.29 million during the quarter, compared to the consensus estimate of $40.43 million. As a group, sell-side analysts expect that USA Technologies will post -0.23 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of USAT. Lazard Asset Management LLC bought a new position in shares of USA Technologies during the fourth quarter valued at approximately $27,000. Kistler Tiffany Companies LLC bought a new position in USA Technologies during the 4th quarter valued at approximately $28,000. JPMorgan Chase & Co. purchased a new position in USA Technologies during the fourth quarter valued at $40,000. Brasada Capital Management LP bought a new stake in USA Technologies in the fourth quarter worth $63,000. Finally, Abacus Planning Group Inc. purchased a new stake in shares of USA Technologies in the fourth quarter worth $116,000. 23.64% of the stock is owned by institutional investors.

USA Technologies Company Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and Internet of Things (IoT) services.

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