USA Technologies (USAT) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of USA Technologies (NASDAQ:USAT) from a sell rating to a hold rating in a research report released on Thursday.

USAT has been the topic of several other research reports. Zacks Investment Research raised shares of USA Technologies from a sell rating to a hold rating in a research note on Friday, August 3rd. ValuEngine lowered shares of USA Technologies from a buy rating to a hold rating in a research note on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $12.92.

USA Technologies stock opened at $5.05 on Thursday. USA Technologies has a fifty-two week low of $4.64 and a fifty-two week high of $16.83. The company has a market cap of $303.01 million, a P/E ratio of 72.14 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34.

A number of institutional investors have recently added to or reduced their stakes in USAT. Gilder Gagnon Howe & Co. LLC grew its position in USA Technologies by 364.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,635,291 shares of the technology company’s stock worth $22,894,000 after acquiring an additional 1,283,278 shares during the period. Emerald Advisers Inc. PA grew its position in USA Technologies by 22.1% in the second quarter. Emerald Advisers Inc. PA now owns 1,341,511 shares of the technology company’s stock worth $18,781,000 after acquiring an additional 242,780 shares during the period. Emerald Mutual Fund Advisers Trust grew its position in USA Technologies by 23.1% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,041,256 shares of the technology company’s stock worth $14,578,000 after acquiring an additional 195,435 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in USA Technologies by 12.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 153,997 shares of the technology company’s stock worth $2,156,000 after acquiring an additional 16,495 shares during the period. Finally, Wells Fargo & Company MN grew its position in USA Technologies by 5.5% in the second quarter. Wells Fargo & Company MN now owns 1,187,980 shares of the technology company’s stock worth $16,630,000 after acquiring an additional 61,583 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

About USA Technologies

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 machine-to-machine (M2M) services.

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