Usio (NASDAQ:USIO) Raised to Hold at Zacks Research

Usio (NASDAQ:USIO) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other brokerages have also issued reports on USIO. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Usio in a research note on Friday, March 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Usio in a research report on Friday, March 27th. Finally, LADENBURG THALM/SH SH increased their price target on shares of Usio from $5.75 to $6.25 and gave the company a “buy” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Usio presently has an average rating of “Hold” and an average price target of $5.13.

Usio Stock Down 6.9%

Shares of NASDAQ USIO opened at $1.48 on Monday. The firm has a market capitalization of $40.85 million, a PE ratio of -18.50 and a beta of 1.29. 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 has a 1 year low of $1.03 and a 1 year high of $2.02. The firm’s 50-day moving average is $1.23 and its 200-day moving average is $1.33.

Usio (NASDAQ:USIO) last issued its earnings results on Wednesday, May 13th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.01. The company had revenue of $25.47 million for the quarter, compared to analyst estimates of $23.20 million. Usio had a negative net margin of 2.43% and a negative return on equity of 11.73%. Equities analysts expect that Usio will post -0.02 EPS for the current year.

Institutional Trading of Usio

Several hedge funds have recently bought and sold shares of USIO. Osaic Holdings Inc. raised its holdings 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 buying an additional 20,161 shares during the period. Goldman Sachs Group Inc. raised its holdings in Usio by 34.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after buying an additional 15,334 shares during the period. Citadel Advisors LLC raised its holdings in Usio by 103.7% during the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock worth $111,000 after buying an additional 39,959 shares during the period. Scoggin Management LP acquired a new stake in Usio during the 3rd quarter worth approximately $114,000. Finally, GSA Capital Partners LLP raised its holdings in Usio by 39.8% during the 3rd quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock worth $128,000 after buying an additional 25,696 shares during the period. 20.23% of the stock is currently owned by institutional investors and hedge funds.

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.