Equities researchers at StockNews.com initiated coverage on shares of Net 1 UEPS Technologies (NASDAQ:UEPS – Get Rating) in a note issued to investors on Saturday. The firm set a “hold” rating on the business services provider’s stock.
Other research analysts have also recently issued research reports about the stock. B. Riley lifted their price objective on shares of Net 1 UEPS Technologies from $7.00 to $8.00 in a report on Friday, May 13th. TheStreet raised shares of Net 1 UEPS Technologies from a “d+” rating to a “c” rating in a report on Monday, May 23rd.
The firm has a market capitalization of $271.04 million, a P/E ratio of -9.54 and a beta of 1.23. The firm’s 50-day simple moving average is $5.05 and its two-hundred day simple moving average is $5.04. Net 1 UEPS Technologies has a 1 year low of $3.84 and a 1 year high of $6.97.
In other news, Director Monde Nkosi acquired 11,930 shares of the business’s stock in a transaction on Monday, March 21st. The stock was bought at an average price of $4.98 per share, with a total value of $59,411.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in UEPS. Millennium Management LLC purchased a new stake in Net 1 UEPS Technologies during the 2nd quarter valued at about $73,000. Morgan Stanley grew its stake in Net 1 UEPS Technologies by 1,007.0% during the 2nd quarter. Morgan Stanley now owns 1,790,310 shares of the business services provider’s stock valued at $8,432,000 after acquiring an additional 1,628,586 shares in the last quarter. Invesco Ltd. grew its stake in Net 1 UEPS Technologies by 1.4% during the 3rd quarter. Invesco Ltd. now owns 377,003 shares of the business services provider’s stock valued at $1,753,000 after acquiring an additional 5,028 shares in the last quarter. IFP Advisors Inc grew its stake in Net 1 UEPS Technologies by 5.4% during the 4th quarter. IFP Advisors Inc now owns 88,858 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 4,518 shares in the last quarter. Finally, Veriti Management LLC purchased a new stake in Net 1 UEPS Technologies during the 4th quarter valued at about $66,000. 47.06% of the stock is owned by institutional investors and hedge funds.
Net 1 UEPS Technologies Company Profile (Get Rating)
Net 1 UEPS Technologies, Inc, a financial technology company, provides fintech products and services to unbanked and underbanked individuals and small businesses primarily in South Africa and internationally. The company develops payment technologies to offers financial and value -added services to its customers.
- Get a free copy of the StockNews.com research report on Net 1 UEPS Technologies (UEPS)
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