Usio (NASDAQ:USIO) Stock Rating Upgraded by Zacks Research

Usio (NASDAQ:USIO) was upgraded by equities research 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.

A number of other research firms have also recently weighed in on USIO. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Usio in a report on Friday, March 20th. LADENBURG THALM/SH SH lifted their target price on shares of Usio from $5.75 to $6.25 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Usio in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.13.

Usio Stock Down 6.9%

Shares of NASDAQ:USIO opened at $1.48 on Monday. The company has a market cap of $40.85 million, a price-to-earnings ratio of -18.50 and a beta of 1.29. Usio has a fifty-two week low of $1.03 and a fifty-two week high of $2.02. The firm’s 50-day simple moving average is $1.23 and its 200-day simple 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 posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.00 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. Usio had a negative net margin of 2.43% and a negative return on equity of 11.73%. The business had revenue of $25.47 million during the quarter, compared to analyst estimates of $23.20 million. As a group, equities research analysts predict that Usio will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Usio

Hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised 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 purchasing an additional 20,161 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 15,334 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Usio by 103.7% in the third quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock worth $111,000 after purchasing an additional 39,959 shares during the last quarter. Scoggin Management LP bought a new position in Usio during the 3rd quarter valued at $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 worth $128,000 after purchasing an additional 25,696 shares during the period. 20.23% of the stock is 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.