Usio (NASDAQ:USIO) Stock Price Up 3.4% – Still a Buy?

Usio Inc (NASDAQ:USIO)’s share price shot up 3.4% on Wednesday. The stock traded as high as $2.76 and last traded at $2.76. 176,327 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 207,106 shares. The stock had previously closed at $2.67.

Analysts Set New Price Targets

Several analysts have commented on USIO shares. Wall Street Zen upgraded shares of Usio to a “hold” rating in a research note on Saturday, July 25th. LADENBURG THALM/SH SH lifted their price target on Usio from $6.25 to $6.75 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Usio from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.38.

Usio Stock Down 1.2%

The stock has a market cap of $80.51 million, a price-to-earnings ratio of -47.08 and a beta of 1.36. The firm’s 50 day moving average is $2.60 and its two-hundred day moving average is $2.01. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

Usio (NASDAQ:USIO) last announced its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter. Usio had a negative net margin of 1.63% and a negative return on equity of 8.20%. The business had revenue of $23.68 million during the quarter, compared to the consensus estimate of $23.67 million. On average, sell-side analysts predict that Usio Inc will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Usio

Institutional investors have recently bought and sold shares of the business. Financial Life Advisors acquired a new position in Usio in the third quarter valued at about $63,000. Stonebridge Wealth Management LLC lifted its holdings in shares of Usio by 57.6% in the third quarter. Stonebridge Wealth Management LLC now owns 279,067 shares of the company’s stock worth $751,000 after acquiring an additional 101,983 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Usio during the second quarter worth about $102,000. BlackRock Inc. acquired a new stake in Usio in the second quarter valued at $277,000. Finally, FNY Investment Advisers LLC acquired a new position in Usio in the second quarter valued at $49,000. Institutional investors own 20.23% of the company’s stock.

About Usio

Usio, Inc is a financial technology company that provides electronic payment and money-movement services to businesses, government agencies, financial institutions and other organizations. The company supports the acceptance and processing of credit and debit card payments, automated clearing house (ACH) transactions and electronic bill payments through its payment technology platform.

Usio also offers prepaid card and disbursement solutions, including services that can be used for payroll, incentives, refunds, healthcare payments and other controlled payment programs.