Maxim Group Thinks Net 1 Ueps’ Stock is Going to Recover

In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Net 1 Ueps (UEPSResearch Report), with a price target of $18. The company’s shares closed yesterday at $7, close to its 52-week low of $5.90.

Klee noted:

“$126M missed our estimate of $145M and non-GAAP EPS of $0.01 missed our estimate of $0.14.”

According to, Klee is a 1-star analyst with an average return of -3.0% and a 41.9% 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 $18.

See today’s analyst top recommended stocks >>

The company has a one-year high of $13.20 and a one-year low of $5.90. Currently, Net 1 Ueps has an average volume of 401.3K.

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.