In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Net 1 Ueps (UEPS), with a price target of $7. The company’s shares closed on Friday at $3.81, close to its 52-week low of $2.78.
Klee wrote:
“F2Q19 non-GAAP loss per share of ($0.88) was well below our expectations primarily due to weaker South African (SA) results and included ($0.74) of non- cash adjustments.”
According to TipRanks.com, Klee is a 1-star analyst with an average return of -3.9% and a 45.6% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and Atlantic Tele-Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Net 1 Ueps with a $7 average price target, which is an 83.7% upside from current levels. In a report issued on February 1, B.Riley FBR also maintained a Buy rating on the stock with a $7 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $11 and a one-year low of $2.78. Currently, Net 1 Ueps has an average volume of 521.1K.
Based on the recent corporate insider activity of 25 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.
