USA Technologies (NASDAQ:USAT) was downgraded by equities research analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a research note issued on Monday, Marketbeat reports. They presently have a $4.50 price target on the technology company’s stock, down from their prior price target of $7.50. Lake Street Capital’s price objective would suggest a potential upside of 25.35% from the stock’s previous close.
Several other brokerages have also recently issued reports on USAT. Northland Securities cut USA Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 7th. ValuEngine cut USA Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Craig Hallum decreased 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. Zacks Investment Research cut USA Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Finally, BidaskClub upgraded USA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.44.
Shares of USAT opened at $3.59 on Monday. The stock has a market capitalization of $221.40 million, a PE ratio of 54.29 and a beta of 1.82. USA Technologies has a 1 year low of $3.19 and a 1 year 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.
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