USA Technologies (USAT) Downgraded by Lake Street Capital

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Lake Street Capital downgraded shares of USA Technologies (NASDAQ:USAT) from a buy rating to a hold rating in a research note released on Monday, Marketbeat Ratings reports. They currently have $4.50 price target on the technology company’s stock, down from their previous price target of $7.50.

A number of other equities analysts have also weighed in on the company. Northland Securities lowered USA Technologies from an outperform rating to a market perform rating in a research note on Thursday, February 7th. BidaskClub upgraded USA Technologies from a sell rating to a hold rating in a research note on Wednesday, January 30th. Craig Hallum reduced their price objective on USA Technologies from $16.00 to $11.00 and set a buy rating for the company in a research note on Tuesday, January 15th. ValuEngine upgraded USA Technologies from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded USA Technologies from a hold rating to a buy rating and set a $4.25 price objective for the company in a research note on Tuesday, January 1st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. USA Technologies has a consensus rating of Hold and a consensus target price of $8.44.

NASDAQ USAT opened at $3.62 on Monday. The stock has a market cap of $215.40 million, a price-to-earnings ratio of 54.29 and a beta of 1.82. USA Technologies has a fifty-two week low of $3.19 and a fifty-two week high of $16.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. purchased a new position in shares of USA Technologies in the 4th quarter valued at about $56,000. Greenwood Capital Associates LLC purchased a new position in shares of USA Technologies in the 3rd quarter valued at about $110,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of USA Technologies in the 4th quarter valued at about $65,000. LPL Financial LLC purchased a new position in shares of USA Technologies in the 4th quarter valued at about $67,000. Finally, IFG Advisory LLC purchased a new position in shares of USA Technologies in the 3rd quarter valued at about $143,000. Institutional investors and hedge funds own 71.66% 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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