Net 1 UEPS Technologies (NASDAQ:UEPS) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Saturday.
UEPS has been the subject of several other research reports. BidaskClub raised Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Maxim Group set a $12.00 target price on Net 1 UEPS Technologies and gave the stock a “buy” rating in a research report on Thursday, November 29th. B. Riley assumed coverage on Net 1 UEPS Technologies in a research report on Friday. They issued a “buy” rating and a $10.00 target price for the company. Finally, TheStreet downgraded Net 1 UEPS Technologies from a “c” rating to a “d+” rating in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.20.
Shares of NASDAQ:UEPS opened at $5.22 on Friday. The stock has a market cap of $277.35 million, a price-to-earnings ratio of 3.19 and a beta of 1.41. The company has a quick ratio of 1.34, a current ratio of 1.38 and a debt-to-equity ratio of 0.01. Net 1 UEPS Technologies has a 12 month low of $4.32 and a 12 month high of $12.74.
Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.13). Net 1 UEPS Technologies had a return on equity of 10.61% and a net margin of 2.47%. The firm had revenue of $125.88 million for the quarter, compared to analyst estimates of $145.03 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The business’s revenue was down 17.5% compared to the same quarter last year.
In other Net 1 UEPS Technologies news, Director Alasdair Jonathan Kemsley Pein purchased 6,000 shares of Net 1 UEPS Technologies stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average price of $4.53 per share, with a total value of $27,180.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.46% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. United Services Automobile Association bought a new position in Net 1 UEPS Technologies during the 2nd quarter worth approximately $111,000. Ingalls & Snyder LLC acquired a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $135,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Net 1 UEPS Technologies during the 2nd quarter worth approximately $158,000. Russell Investments Group Ltd. acquired a new stake in shares of Net 1 UEPS Technologies during the 3rd quarter worth approximately $156,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Net 1 UEPS Technologies during the 2nd quarter worth approximately $233,000. 52.11% of the stock is currently owned by institutional investors.
Net 1 UEPS Technologies Company Profile
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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