Insider Selling: USA Technologies, Inc. (USAT) Director Sells $99,480.00 in Stock
USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 12,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $8.29, for a total transaction of $99,480.00. Following the sale, the director now directly owns 392,926 shares of the company’s stock, valued at approximately $3,257,356.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of USA Technologies, Inc. (NASDAQ USAT) traded up $0.10 during trading hours on Friday, reaching $8.55. 539,937 shares of the company’s stock traded hands, compared to its average volume of 635,013. 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, Inc. has a one year low of $3.80 and a one year high of $8.95. The firm has a market capitalization of $453.09, a P/E ratio of 422.50 and a beta of 1.03.
USA Technologies (NASDAQ:USAT) last issued 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 the consensus estimate of $25.87 million. equities research analysts anticipate that USA Technologies, Inc. will post 0.07 EPS for the current year.
Several brokerages have issued reports on USAT. Northland Securities reaffirmed a “buy” rating and issued a $7.25 price objective on shares of USA Technologies in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of USA Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. William Blair began coverage on shares of USA Technologies in a research report on Thursday, August 24th. They issued an “outperform” rating for the company. Finally, BidaskClub downgraded shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. USA Technologies presently has a consensus rating of “Hold” and an average target price of $8.25.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of USA Technologies by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock valued at $7,720,000 after buying an additional 44,378 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in shares of USA Technologies by 15.8% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,341,079 shares of the technology company’s stock valued at $8,382,000 after buying an additional 182,701 shares during the last quarter. RK Capital Management LLC purchased a new position in shares of USA Technologies during the 3rd quarter valued at approximately $8,027,000. Cortina Asset Management LLC boosted its stake in shares of USA Technologies by 18.1% during the 3rd quarter. Cortina Asset Management LLC now owns 1,240,613 shares of the technology company’s stock valued at $7,754,000 after buying an additional 190,107 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of USA Technologies during the 3rd quarter valued at approximately $7,163,000. 51.17% of the stock is owned by institutional investors.
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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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