Usio Inc (NASDAQ:USIO) Receives $5.13 Consensus PT from Analysts

Usio Inc (NASDAQ:USIO) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $5.1250.

USIO has been the topic of several recent research reports. HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of Usio in a report on Friday, March 20th. LADENBURG THALM/SH SH upped their price target on Usio from $5.75 to $6.25 and gave the stock a “buy” rating in a report on Friday, May 15th. Zacks Research upgraded Usio from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Usio in a report on Friday, March 27th.

Institutional Investors Weigh In On Usio

Several large investors have recently bought and sold shares of the stock. Whittier Trust Co. purchased a new stake in Usio during the 1st quarter worth about $3,202,000. North Star Investment Management Corp. purchased a new position in shares of Usio in the 1st quarter valued at about $205,000. Rothschild Wealth LLC purchased a new position in shares of Usio in the 4th quarter valued at about $563,000. Citadel Advisors LLC increased its holdings in shares of 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. Finally, Scoggin Management LP purchased a new position in shares of Usio in the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 20.23% of the company’s stock.

Usio Price Performance

USIO opened at $1.57 on Friday. The stock’s 50-day moving average price is $1.24 and its 200 day moving average price is $1.33. Usio has a 12-month low of $1.03 and a 12-month high of $2.02. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The firm has a market cap of $43.33 million, a price-to-earnings ratio of -19.63 and a beta of 1.29.

Usio (NASDAQ:USIO) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.00 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $25.47 million for the quarter, compared to the consensus estimate of $23.20 million. As a group, sell-side analysts expect that Usio will post -0.02 earnings per share for the current year.

About Usio

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.