Usio (NASDAQ:USIO) Given New $6.75 Price Target at LADENBURG THALM/SH SH

Usio (NASDAQ:USIO) had its target price increased by investment analysts at LADENBURG THALM/SH SH from $6.25 to $6.75 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 151.21% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Zacks Research raised shares of Usio from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen raised shares of Usio to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings upgraded shares of Usio from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.38.

Usio Stock Performance

Shares of USIO traded up $0.31 during mid-day trading on Thursday, reaching $2.69. The company’s stock had a trading volume of 1,862,975 shares, compared to its average volume of 123,820. Usio has a 1-year low of $1.03 and a 1-year high of $2.98. The stock has a market cap of $74.16 million, a P/E ratio of -33.44 and a beta of 1.32. The business has a 50-day simple moving average of $2.07 and a two-hundred day simple moving average of $1.58. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

Usio (NASDAQ:USIO) last posted its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter. Usio had a negative return on equity of 11.73% and a negative net margin of 2.43%.The business had revenue of $23.68 million for the quarter, compared to analyst estimates of $23.67 million. As a group, equities research analysts anticipate that Usio will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 15,334 shares during the last quarter. Osaic Holdings Inc. grew its position in Usio by 246.1% during 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 last quarter. Scoggin Management LP acquired a new position in Usio in the 3rd quarter worth about $114,000. Citadel Advisors LLC increased its holdings in Usio by 103.7% in 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 in the last quarter. Finally, Rothschild Wealth LLC acquired a new position in Usio in the 4th quarter worth about $563,000. 20.23% of the stock is currently 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.