Usio Inc (NASDAQ:USIO) Receives Average Rating of “Reduce” from Analysts

Usio Inc (NASDAQ:USIO) has been given a consensus recommendation of “Reduce” by the five brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.1250.

USIO has been the subject of a number of analyst reports. Zacks Research lowered Usio from a “hold” rating to a “strong sell” rating in a research report on Friday, March 20th. LADENBURG THALM/SH SH increased their target price on Usio from $5.75 to $6.25 and gave the stock a “buy” rating in a research note on Friday. HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of Usio in a report on Friday, March 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a research report on Friday, March 27th.

Usio Stock Down 4.4%

NASDAQ:USIO traded down $0.07 during mid-day trading on Friday, hitting $1.52. 104,263 shares of the company’s stock were exchanged, compared to its average volume of 50,646. The company has a market cap of $41.98 million, a PE ratio of -19.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.08 and a quick ratio of 1.08. Usio has a one year low of $1.03 and a one year high of $2.02. The business has a fifty day moving average price of $1.22 and a 200 day moving average price of $1.33.

Usio (NASDAQ:USIO) last announced its earnings results 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 11.68%. The business had revenue of $25.47 million during the quarter, compared to the consensus estimate of $23.20 million. Equities analysts predict that Usio will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Whittier Trust Co. purchased a new stake in shares of Usio during the first quarter valued at approximately $3,202,000. North Star Investment Management Corp. bought a new stake in Usio during the 1st quarter worth approximately $205,000. Rothschild Wealth LLC purchased a new position in Usio during the fourth quarter valued at approximately $563,000. Citadel Advisors LLC boosted its position 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 period. Finally, Scoggin Management LP purchased a new stake in shares of Usio in the third quarter worth $114,000. 20.23% of the stock is owned by hedge funds and other 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.