In a report released today, Allen Klee from Maxim Group reiterated a Buy rating on Net 1 Ueps (UEPS), with a price target of $12. The company’s shares opened today at $4.86, close to its 52-week low of $4.44.
Klee wrote:
“The High Court of South Africa issued an interim order that government agency SASSA is required to pay social grants of those clients electing to remain with EPE (UEPS) that had been either improperly switched to SA Post Office or not processed.”
According to TipRanks.com, Klee is a 1-star analyst with an average return of -5.9% and a 43.2% success rate. Klee covers the Technology sector, focusing on stocks such as Stampscom, Agilysys, and Rignet.
Net 1 Ueps has an analyst consensus of Moderate Buy, with a price target consensus of $12.
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Net 1 Ueps’ market cap is currently $276.2M and has a P/E ratio of 19.57. The company has a Price to Book ratio of 0.44.
Based on the recent corporate insider activity of 27 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.
