Net 1 UEPS Technologies (NASDAQ:UEPS) Given a $7.00 Price Target at B. Riley

B. Riley set a $7.00 target price on Net 1 UEPS Technologies (NASDAQ:UEPS) in a report released on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other equities research analysts also recently weighed in on UEPS. Maxim Group set a $7.00 target price on shares of Net 1 UEPS Technologies and gave the company a buy rating in a research note on Friday, May 24th. ValuEngine raised shares of Net 1 UEPS Technologies from a hold rating to a buy rating in a report on Friday, May 17th. Finally, Zacks Investment Research downgraded Net 1 UEPS Technologies from a hold rating to a sell rating in a research report on Saturday, July 13th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $7.00.

Shares of NASDAQ UEPS traded up $0.04 during trading hours on Tuesday, hitting $3.50. 190,116 shares of the stock were exchanged, compared to its average volume of 348,478. The company has a market cap of $188.12 million, a PE ratio of 1.79 and a beta of 0.70. The firm has a fifty day moving average price of $3.47 and a 200-day moving average price of $3.67. Net 1 UEPS Technologies has a 12 month low of $2.78 and a 12 month high of $8.07.

A number of institutional investors have recently added to or reduced their stakes in the business. B. Riley Financial Inc. purchased a new stake in shares of Net 1 UEPS Technologies during the first quarter worth about $1,550,000. ETF Managers Group LLC boosted its stake in Net 1 UEPS Technologies by 46.4% in the 1st quarter. ETF Managers Group LLC now owns 336,475 shares of the business services provider’s stock worth $1,208,000 after purchasing an additional 106,592 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Net 1 UEPS Technologies by 50.6% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 2,098,901 shares of the business services provider’s stock worth $7,535,000 after purchasing an additional 705,208 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Net 1 UEPS Technologies by 42.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 445,008 shares of the business services provider’s stock worth $1,780,000 after purchasing an additional 131,559 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in Net 1 UEPS Technologies during the 2nd quarter worth approximately $94,000. Institutional investors own 53.24% of the company’s stock.

About Net 1 UEPS Technologies

Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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