Shares of Net 1 UEPS Technologies Inc (NASDAQ:UEPS) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.50.
Several analysts have commented on the stock. Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Saturday, July 13th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Finally, Maxim Group set a $7.00 price objective on shares of Net 1 UEPS Technologies and gave the company a “buy” rating in a research note on Friday, May 24th.
UEPS stock traded down $0.04 during mid-day trading on Friday, hitting $4.02. 8,070 shares of the company were exchanged, compared to its average volume of 244,383. The firm has a market cap of $232.45 million, a P/E ratio of 2.06 and a beta of 0.70. Net 1 UEPS Technologies has a twelve month low of $2.78 and a twelve month high of $9.66. The stock’s fifty day moving average is $3.78.
Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.56). Net 1 UEPS Technologies had a negative net margin of 25.48% and a negative return on equity of 7.37%. The business had revenue of $86.48 million during the quarter, compared to analyst estimates of $105.12 million. During the same period last year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was down 46.9% on a year-over-year basis. Equities research analysts predict that Net 1 UEPS Technologies will post -2.28 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of UEPS. B. Riley Financial Inc. bought a new stake in Net 1 UEPS Technologies during the 1st quarter worth about $1,550,000. ETF Managers Group LLC grew its holdings in Net 1 UEPS Technologies by 46.4% during the 1st quarter. ETF Managers Group LLC now owns 336,475 shares of the business services provider’s stock worth $1,208,000 after acquiring an additional 106,592 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Net 1 UEPS Technologies by 20.3% during the 4th quarter. Two Sigma Advisers LP now owns 365,835 shares of the business services provider’s stock worth $1,716,000 after acquiring an additional 61,700 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Net 1 UEPS Technologies by 50.6% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 2,098,901 shares of the business services provider’s stock worth $7,535,000 after acquiring an additional 705,208 shares during the last quarter. Finally, United Services Automobile Association boosted its stake in shares of Net 1 UEPS Technologies by 69.0% in the 4th quarter. United Services Automobile Association now owns 28,867 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 11,781 shares during the last quarter. 55.20% of the stock is currently owned by institutional investors and hedge funds.
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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