Several other research analysts have also weighed in on USAT. ValuEngine raised shares of USA Technologies from a hold rating to a buy rating in a research note on Thursday, August 1st. Lake Street Capital lifted their price objective on shares of USA Technologies from $4.50 to $7.00 and gave the stock a hold rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research lowered shares of USA Technologies from a buy rating to a hold rating in a research note on Saturday, May 4th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. USA Technologies currently has an average rating of Buy and an average target price of $8.00.
USA Technologies stock opened at $7.96 on Wednesday. The company’s 50 day simple moving average is $7.14 and its 200 day simple moving average is $5.85. USA Technologies has a fifty-two week low of $3.19 and a fifty-two week high of $16.83.
In related news, major shareholder Hudson Executive Capital Lp bought 1,000,252 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $6.93 per share, for a total transaction of $6,931,746.36. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.43% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Voloridge Investment Management LLC acquired a new stake in USA Technologies during the 2nd quarter worth approximately $264,000. D. E. Shaw & Co. Inc. raised its holdings in USA Technologies by 213.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 226,123 shares of the technology company’s stock worth $1,680,000 after buying an additional 153,997 shares during the period. Invesco Ltd. raised its holdings in USA Technologies by 407.0% during the 2nd quarter. Invesco Ltd. now owns 121,754 shares of the technology company’s stock worth $905,000 after buying an additional 97,738 shares during the period. Vanguard Group Inc. raised its holdings in USA Technologies by 12.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,165,123 shares of the technology company’s stock worth $23,517,000 after buying an additional 339,514 shares during the period. Finally, BlackRock Inc. raised its holdings in USA Technologies by 5.7% during the 2nd quarter. BlackRock Inc. now owns 4,015,931 shares of the technology company’s stock worth $29,839,000 after buying an additional 215,179 shares during the period. Hedge funds and other institutional investors own 69.03% of the company’s stock.
USA Technologies Company Profile
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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