Usio (NASDAQ:USIO) Receives “Buy” Rating from HC Wainwright

Usio (NASDAQ:USIO)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a research report issued on Friday,Benzinga reports. They currently have a $4.00 price objective on the stock. HC Wainwright’s price target points to a potential upside of 266.97% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Zacks Research raised Usio from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings restated a “sell (d)” rating on shares of Usio in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $4.00.

Usio Stock Down 9.9%

Shares of USIO opened at $1.09 on Friday. The company’s 50-day simple moving average is $1.33 and its 200-day simple moving average is $1.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.12 and a current ratio of 1.13. Usio has a 1 year low of $1.03 and a 1 year high of $2.02. The stock has a market capitalization of $29.77 million, a PE ratio of -12.11 and a beta of 1.28.

Usio (NASDAQ:USIO) last announced its earnings results on Wednesday, March 18th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $22.24 million for the quarter, compared to analysts’ expectations of $23.06 million. Usio had a negative return on equity of 13.36% and a negative net margin of 2.94%. Analysts forecast that Usio will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Usio

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position 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 valued at $87,000 after buying an additional 15,334 shares during the last quarter. 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 acquiring an additional 20,161 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Usio by 39.8% in the third quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock valued at $128,000 after acquiring an additional 25,696 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Usio by 103.7% during 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. Finally, Scoggin Management LP purchased a new position in shares of Usio during the third quarter worth about $114,000. Hedge funds and other institutional investors 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.