Net 1 UEPS Technologies (UEPS) Lowered to “Sell” at ValuEngine

ValuEngine cut shares of Net 1 UEPS Technologies (NASDAQ:UEPS) from a hold rating to a sell rating in a report published on Saturday morning.

Other research analysts have also recently issued research reports about the company. TheStreet cut Net 1 UEPS Technologies from a c rating to a d+ rating in a research report on Friday, November 9th. BidaskClub cut Net 1 UEPS Technologies from a hold rating to a sell rating in a research report on Saturday, October 13th. Maxim Group reiterated a buy rating and set a $18.00 price objective on shares of Net 1 UEPS Technologies in a research report on Thursday, September 27th. Finally, B. Riley assumed coverage on Net 1 UEPS Technologies in a research report on Friday. They set a buy rating and a $10.00 price objective on the stock. 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. Net 1 UEPS Technologies has a consensus rating of Hold and an average target price of $13.20.

Net 1 UEPS Technologies stock traded up $0.37 during mid-day trading on Friday, hitting $5.22. 1,137,310 shares of the company’s stock traded hands, compared to its average volume of 295,457. Net 1 UEPS Technologies has a fifty-two week low of $4.32 and a fifty-two week high of $12.74. The company has a market capitalization of $296.67 million, a price-to-earnings ratio of 3.41 and a beta of 1.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.38 and a quick ratio of 1.34.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Net 1 UEPS Technologies had a net margin of 2.47% and a return on equity of 10.61%. The business had revenue of $125.88 million for the quarter, compared to analyst estimates of $145.03 million. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was down 17.5% compared to the same quarter last year.

In related news, Director Alasdair Jonathan Kemsley Pein purchased 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $4.53 per share, for a total transaction of $27,180.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.46% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. United Services Automobile Association bought a new position in shares of Net 1 UEPS Technologies in the second quarter worth $111,000. Ingalls & Snyder LLC bought a new position in shares of Net 1 UEPS Technologies in the third quarter worth $135,000. Russell Investments Group Ltd. bought a new position in shares of Net 1 UEPS Technologies in the third quarter worth $156,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Net 1 UEPS Technologies in the second quarter worth $158,000. Finally, Paloma Partners Management Co bought a new position in shares of Net 1 UEPS Technologies in the second quarter worth $233,000. Institutional investors own 52.11% of the company’s stock.

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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