Zacks upgraded shares of Net 1 Ueps Technolog (NASDAQ:UEPS) from an underperform rating to a neutral rating in a research note released on Tuesday morning, American Banking and Market News reports. They currently have $12.10 target price on the stock.
Zacks has also modified their ratings on a number of other services stocks in the few days. The firm reiterated its hold rating on shares of North American Energy Partners. They have a $5.30 price target on that stock. Also, Zacks upgraded shares of Holly Energy Partners, L.P. from an underperform rating to a neutral rating. Zacks now has a $31.30 price target on that stock. Finally, Zacks downgraded shares of Erickson Air-Crane from a neutral rating to an underperform rating. Their analysts now have a $16.90 price target on that stock.
A number of other analysts have also recently weighed in on UEPS. Analysts at TheStreet upgraded shares of Net 1 Ueps Technolog from a sell rating to a hold rating in a research note to investors on Tuesday, October 1st. Separately, analysts at Janney Montgomery Scott upgraded shares of Net 1 Ueps Technolog from a neutral rating to a buy rating in a research note to investors on Tuesday, September 10th. They now have a $16.00 price target on the stock, up previously from $10.00. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Net 1 Ueps Technolog from $8.00 to $10.00 in a research note to investors on Friday, August 23rd.
Shares of Net 1 Ueps Technolog (NASDAQ:UEPS) traded up 2.41% on Tuesday, hitting $12.34. The stock had a trading volume of 174,742 shares. Net 1 Ueps Technolog has a one year low of $3.01 and a one year high of $13.00. The stock has a 50-day moving average of $11.90 and a 200-day moving average of $9.1. The company has a market cap of $557.6 million and a price-to-earnings ratio of 43.04.
Net 1 Ueps Technolog (NASDAQ:UEPS) last announced its earnings results on Thursday, November 7th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.09. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $113.68 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts predict that Net 1 Ueps Technolog will post $1.30 earnings per share for the current fiscal year.
In other Net 1 Ueps Technolog news, Insider General Atlantic Llc sold 92,910 shares of Net 1 Ueps Technolog stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $12.14, for a total transaction of $1,127,927.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Net 1 UEPS Technologies, Inc (NASDAQ:UEPS) provides a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies.
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