USA Technologies (USAT) Shares Up 17.6%

Shares of USA Technologies, Inc. (NASDAQ:USAT) shot up 17.6% during trading on Monday . The stock traded as high as $4.14 and last traded at $4.01. 2,905,691 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 2,305,500 shares. The stock had previously closed at $3.41.

Several research firms have commented on USAT. Craig Hallum decreased their target price on shares of USA Technologies from $16.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, January 15th. BidaskClub downgraded shares of USA Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Zacks Investment Research raised shares of USA Technologies from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Tuesday, January 1st. ValuEngine raised shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Finally, Lake Street Capital reissued a “buy” rating on shares of USA Technologies in a research report on Tuesday, January 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $8.44.

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The company has a market capitalization of $247.20 million, a price-to-earnings ratio of 58.86 and a beta of 1.82.

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of USA Technologies by 16.0% in the 4th quarter. Geode Capital Management LLC now owns 645,659 shares of the technology company’s stock worth $2,511,000 after purchasing an additional 89,177 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of USA Technologies by 285.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 295,595 shares of the technology company’s stock worth $1,150,000 after purchasing an additional 218,891 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of USA Technologies by 73.5% in the 4th quarter. Jane Street Group LLC now owns 67,807 shares of the technology company’s stock worth $264,000 after purchasing an additional 28,716 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of USA Technologies by 290.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 17,299 shares of the technology company’s stock worth $67,000 after purchasing an additional 12,873 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of USA Technologies by 375.8% in the 4th quarter. Bank of America Corp DE now owns 49,612 shares of the technology company’s stock worth $193,000 after purchasing an additional 39,185 shares during the last quarter. Institutional investors and hedge funds own 69.12% of the company’s stock.

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USA Technologies Company Profile (NASDAQ:USAT)

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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