HC Wainwright Reaffirms “Buy” Rating for Usio (NASDAQ:USIO)

Usio (NASDAQ:USIO)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a note issued to investors on Friday,Benzinga reports. They currently have a $4.00 price target on the stock. HC Wainwright’s price objective would suggest a potential upside of 266.97% from the stock’s previous close.

A number of other equities research analysts have also recently commented on USIO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a report on Monday, December 29th. Zacks Research raised Usio from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $4.00.

Usio Price Performance

USIO stock opened at $1.09 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $29.77 million, a P/E ratio of -12.11 and a beta of 1.28. The business has a 50 day simple moving average of $1.33 and a 200-day simple moving average of $1.39. Usio has a twelve month low of $1.03 and a twelve month high of $2.02.

Usio (NASDAQ:USIO) last announced its earnings results on Wednesday, March 18th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $22.24 million during the quarter, compared to analyst estimates of $23.06 million. Usio had a negative net margin of 2.94% and a negative return on equity of 13.36%. As a group, equities analysts anticipate that Usio will post -0.03 EPS for the current year.

Institutional Trading of Usio

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Usio by 34.6% during the first 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 period. Osaic Holdings Inc. lifted its position 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 during the period. GSA Capital Partners LLP boosted its holdings in Usio by 39.8% in the 3rd 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. Citadel Advisors LLC increased its position in Usio by 103.7% during the 3rd 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 period. Finally, Scoggin Management LP acquired a new position in Usio during the 3rd quarter worth approximately $114,000. Hedge funds and other institutional investors own 20.23% of the company’s stock.

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.