Usio (NASDAQ:USIO) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Usio (NASDAQ:USIO) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

A number of other brokerages also recently commented on USIO. 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 report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a research report on Friday, March 27th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.00 target price on shares of Usio in a research report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.13.

Usio Trading Down 6.9%

NASDAQ:USIO opened at $1.48 on Monday. Usio has a one year low of $1.03 and a one year high of $2.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $40.85 million, a price-to-earnings ratio of -18.50 and a beta of 1.29. The business has a fifty day moving average price of $1.23 and a 200-day moving average price of $1.33.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. purchased a new position in Usio in the first quarter valued at $3,202,000. Rothschild Wealth LLC purchased a new stake in shares of Usio during the fourth quarter worth about $563,000. North Star Investment Management Corp. purchased a new stake in shares of Usio during the first quarter worth about $205,000. GSA Capital Partners LLP grew its stake in Usio by 39.8% during the 3rd quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock valued at $128,000 after acquiring an additional 25,696 shares in the last quarter. Finally, Scoggin Management LP purchased a new stake in Usio during the 3rd quarter valued at about $114,000. 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.