Usio (NASDAQ:USIO) Announces Earnings Results

Usio (NASDAQ:USIO) released its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, FiscalAI reports. The company had revenue of $23.68 million during the quarter, compared to the consensus estimate of $23.67 million. Usio had a negative return on equity of 11.73% and a negative net margin of 2.43%.

Usio Price Performance

USIO stock traded up $0.15 on Wednesday, reaching $2.38. The company had a trading volume of 706,286 shares, compared to its average volume of 98,852. Usio has a 1 year low of $1.03 and a 1 year high of $2.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day moving average is $2.05 and its 200 day moving average is $1.57. The company has a market cap of $65.68 million, a P/E ratio of -29.75 and a beta of 1.32.

Analyst Upgrades and Downgrades

USIO has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a report on Wednesday, June 24th. Wall Street Zen upgraded Usio to a “hold” rating in a research report on Saturday, July 25th. LADENBURG THALM/SH SH lifted their price target on Usio from $5.75 to $6.25 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Zacks Research upgraded shares of Usio from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Usio currently has a consensus rating of “Hold” and a consensus price target of $5.12.

Hedge Funds Weigh In On Usio

A number of institutional investors have recently made changes to their positions in USIO. Rothschild Wealth LLC acquired a new position in shares of Usio in the fourth quarter valued at approximately $563,000. Scoggin Management LP acquired a new stake in Usio during the third quarter worth approximately $114,000. Citadel Advisors LLC boosted its position in 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 acquiring an additional 39,959 shares during the last quarter. Osaic Holdings Inc. grew its stake in Usio by 246.1% in the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after acquiring an additional 20,161 shares during the period. Finally, Goldman Sachs Group Inc. grew 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 period. 20.23% of the stock is owned by institutional investors and hedge funds.

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.