Brokers Set Expectations for USA Technologies, Inc.’s Q2 2020 Earnings (NASDAQ:USAT)

USA Technologies, Inc. (NASDAQ:USAT) – Analysts at William Blair raised their Q2 2020 earnings per share (EPS) estimates for USA Technologies in a report issued on Wednesday, November 13th. William Blair analyst R. Napoli now expects that the technology company will post earnings of $0.03 per share for the quarter, up from their previous estimate of $0.01. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for USA Technologies’ Q3 2020 earnings at $0.06 EPS, Q4 2020 earnings at $0.05 EPS and FY2020 earnings at ($0.01) EPS.

Several other research analysts also recently issued reports on USAT. Craig Hallum started coverage on shares of USA Technologies in a research note on Thursday, October 10th. They issued a “buy” rating and a $10.00 target price on the stock. ValuEngine upgraded shares of USA Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Lake Street Capital upgraded shares of USA Technologies from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research report on Friday, October 11th. Finally, Northland Securities restated a “hold” rating on shares of USA Technologies in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $8.33.

Shares of NASDAQ USAT opened at $6.83 on Monday. The firm’s 50 day moving average price is $6.25 and its 200-day moving average price is $6.83. USA Technologies has a 52-week low of $3.19 and a 52-week high of $8.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC purchased a new stake in shares of USA Technologies in the second quarter worth $178,000. Sargent Investment Group LLC increased its stake in shares of USA Technologies by 29.0% in the second quarter. Sargent Investment Group LLC now owns 1,105,626 shares of the technology company’s stock worth $8,215,000 after purchasing an additional 248,243 shares in the last quarter. P.A.W. Capital Corp increased its stake in shares of USA Technologies by 12.5% in the second quarter. P.A.W. Capital Corp now owns 360,000 shares of the technology company’s stock worth $2,675,000 after purchasing an additional 40,000 shares in the last quarter. BlackRock Inc. increased its stake in shares of USA Technologies by 5.7% in the second quarter. BlackRock Inc. now owns 4,015,931 shares of the technology company’s stock worth $29,839,000 after purchasing an additional 215,179 shares in the last quarter. Finally, 1492 Capital Management LLC purchased a new stake in shares of USA Technologies in the second quarter worth $772,000. Institutional investors and hedge funds own 70.32% of the company’s stock.

In other USA Technologies news, major shareholder Hudson Executive Capital Lp purchased 165,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were acquired at an average cost of $7.26 per share, for a total transaction of $1,197,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 1,564,200 shares of company stock worth $7,582,252 over the last quarter. Insiders own 4.43% 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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Earnings History and Estimates for USA Technologies (NASDAQ:USAT)

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