Usio Inc (NASDAQ:USIO) Given Average Recommendation of “Reduce” by Analysts

Shares of Usio Inc (NASDAQ:USIO) have been assigned an average recommendation of “Reduce” from the five analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.1250.

A number of brokerages have commented on USIO. Weiss Ratings reissued a “sell (d)” rating on shares of Usio in a research note on Friday, March 27th. Zacks Research lowered shares of Usio from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. LADENBURG THALM/SH SH lifted their price target on shares of Usio from $5.75 to $6.25 and gave the company a “buy” rating in a research note on Friday. Finally, HC Wainwright restated a “buy” rating and issued a $4.00 price objective on shares of Usio in a report on Friday, March 20th.

Usio Price Performance

Shares of NASDAQ:USIO traded down $0.07 during midday trading on Friday, reaching $1.52. 104,263 shares of the company were exchanged, compared to its average volume of 50,646. The stock has a market cap of $41.98 million, a PE ratio of -19.00 and a beta of 1.29. The business’s fifty day moving average is $1.22 and its two-hundred day moving average is $1.33. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.06. Usio has a one year low of $1.03 and a one year high of $2.02.

Usio (NASDAQ:USIO) last issued its earnings results on Wednesday, May 13th. The company reported $0.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.01. Usio had a negative return on equity of 11.68% 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. As a group, analysts predict that Usio will post -0.04 earnings per share for the current year.

Institutional Trading of Usio

Institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in Usio by 246.1% in the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock valued at $43,000 after acquiring an additional 20,161 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after acquiring an additional 15,334 shares during the last quarter. Citadel Advisors LLC raised its stake in Usio by 103.7% in the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock worth $111,000 after acquiring an additional 39,959 shares during the last quarter. Scoggin Management LP purchased a new position in Usio in the 3rd quarter worth $114,000. Finally, GSA Capital Partners LLP raised its stake 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 valued at $128,000 after buying an additional 25,696 shares during the last quarter. 20.23% of the stock is currently owned by institutional investors.

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.