Zacks Research upgraded shares of Usio (NASDAQ:USIO – Free Report) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Usio in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $4.00.
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Usio Price Performance
Usio (NASDAQ:USIO – Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Usio had a negative net margin of 0.46% and a negative return on equity of 2.05%. The company had revenue of $21.18 million for the quarter, compared to the consensus estimate of $22.19 million. Research analysts forecast that Usio will post -0.03 EPS for the current year.
Institutional Investors Weigh In On Usio
Several hedge funds and other institutional investors have recently made changes to their positions in USIO. Citadel Advisors LLC boosted its holdings in shares of Usio by 103.7% during the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock valued at $111,000 after acquiring an additional 39,959 shares in the last quarter. Scoggin Management LP acquired a new stake in shares of Usio during the third quarter valued at about $114,000. GSA Capital Partners LLP boosted its stake in shares of Usio by 39.8% during the third quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock valued at $128,000 after purchasing an additional 25,696 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Usio by 246.1% during the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after purchasing an additional 20,161 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Usio by 36.8% in the second quarter. Ritholtz Wealth Management now owns 31,370 shares of the company’s stock valued at $48,000 after buying an additional 8,442 shares during the period. 20.23% of the stock is owned by institutional investors.
Usio Company Profile
Usio, Inc (NASDAQ: USIO) is a financial technology company that delivers integrated payment, transaction processing, and money services solutions. The company’s platform combines merchant acquiring, multi‐rail payment enablement and business management tools to support merchants, financial institutions and business partners in automating and securing electronic and cash‐based transactions.
Through its subsidiaries, Usio provides a broad range of products and services, including point-of-sale terminals, payment gateway services, automated teller machine (ATM) processing, bill payment, money order issuance, domestic and international money transfer and remittance solutions.
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