Brokerages Set USA Technologies, Inc. (NASDAQ:USAT) Target Price at $9.00

Shares of USA Technologies, Inc. (NASDAQ:USAT) have been given a consensus rating of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.00.

Several brokerages have commented on USAT. Zacks Investment Research lowered Zynex from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Lake Street Capital upped their price target on USA Technologies from $4.50 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Finally, BidaskClub lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th.

A number of large investors have recently made changes to their positions in USAT. BNP Paribas Arbitrage SA boosted its position in shares of USA Technologies by 929.5% in the first quarter. BNP Paribas Arbitrage SA now owns 11,860 shares of the technology company’s stock worth $49,000 after buying an additional 10,708 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of USA Technologies in the fourth quarter worth about $56,000. LPL Financial LLC purchased a new stake in shares of USA Technologies in the fourth quarter worth about $67,000. Metropolitan Life Insurance Co. NY boosted its position in shares of USA Technologies by 290.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,299 shares of the technology company’s stock worth $67,000 after buying an additional 12,873 shares during the period. Finally, Quantitative Systematic Strategies LLC boosted its position in shares of USA Technologies by 37.9% in the first quarter. Quantitative Systematic Strategies LLC now owns 23,359 shares of the technology company’s stock worth $97,000 after buying an additional 6,420 shares during the period. Institutional investors own 65.74% of the company’s stock.

Shares of NASDAQ:USAT opened at $7.29 on Thursday. The stock’s 50-day moving average price is $7.31. USA Technologies has a 12 month low of $3.19 and a 12 month high of $16.83.

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.

Featured Story: How to Use a Moving Average for Trading 

Receive News & Ratings for USA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.