Shares of USA Technologies, Inc. (NASDAQ:USAT) have been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $15.50.
A number of analysts have commented on the company. BidaskClub lowered USA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. ValuEngine raised USA Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Finally, Zacks Investment Research raised USA Technologies from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Friday, October 12th.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlueMountain Capital Management LLC bought a new stake in shares of USA Technologies in the second quarter worth $147,000. Greenwood Capital Associates LLC bought a new stake in shares of USA Technologies in the third quarter worth $110,000. IFG Advisory LLC bought a new stake in shares of USA Technologies in the third quarter worth $143,000. Bank of Montreal Can grew its holdings in shares of USA Technologies by 1,265.7% in the third quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock worth $181,000 after acquiring an additional 23,326 shares during the period. Finally, USA Financial Portformulas Corp bought a new stake in shares of USA Technologies in the third quarter worth $375,000. 70.98% of the stock is owned by institutional investors.
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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