Usio (NASDAQ:USIO) Upgraded to “Hold” at Zacks Research

Usio (NASDAQ:USIO) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Usio in a research report on Friday, March 27th. LADENBURG THALM/SH SH boosted their price target on Usio from $5.75 to $6.25 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, HC Wainwright reiterated a “buy” rating and set a $4.00 price target on shares of Usio in a research note on Friday, March 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Usio presently has a consensus rating of “Hold” and a consensus price target of $5.13.

Usio Price Performance

Shares of USIO stock opened at $1.48 on Monday. Usio has a twelve month low of $1.03 and a twelve month high of $2.02. The stock has a market cap of $40.85 million, a price-to-earnings ratio of -18.50 and a beta of 1.29. The business’s fifty day moving average is $1.23 and its 200 day moving average is $1.33. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.05.

Usio (NASDAQ:USIO) last released its earnings results on Wednesday, May 13th. The company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. Usio had a negative return on equity of 11.73% and a negative net margin of 2.43%.The firm had revenue of $25.47 million for the quarter, compared to analysts’ expectations of $23.20 million. Research analysts expect that Usio will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Usio

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in Usio by 246.1% in the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock valued at $43,000 after purchasing an additional 20,161 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after acquiring an additional 15,334 shares during the last quarter. Citadel Advisors LLC raised its holdings in Usio by 103.7% in 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 during the last quarter. Scoggin Management LP acquired a new stake in shares of Usio during the 3rd quarter worth $114,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Usio by 39.8% during the 3rd quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock worth $128,000 after buying an additional 25,696 shares during the last quarter. Institutional investors and hedge funds own 20.23% of the company’s stock.

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.