Maxim Group analyst Allen Klee reiterated a Buy rating on Net 1 Ueps (NASDAQ: UEPS) today and set a price target of $18. The company’s shares closed yesterday at $7.58.
Klee said:
“We believe UEPS faced several headwinds that have put pressure on the stock, but are largely going away.”
According to TipRanks.com, Klee is a 1-star analyst with an average return of 0.2% and a 41.4% success rate. Klee covers the Technology sector, focusing on stocks such as Helios & Matheson North America Inc, Stampscom, and Agilysys.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Net 1 Ueps with a $18 average price target.
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Net 1 Ueps’ market cap is currently $429.7M and has a P/E ratio of 11.15. The company has a Price to Book ratio of 0.67.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UEPS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Net 1 UEPS Technologies, Inc. engages in the provision of payment solutions and transaction processing services in South Africa. The firm designs, develops, and markets transaction technology, solutions, and services.
