LADENBURG THALM/SH SH Issues Positive Forecast for Usio (NASDAQ:USIO) Stock Price

Usio (NASDAQ:USIO) had its price target hoisted by LADENBURG THALM/SH SH from $5.75 to $6.25 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

USIO has been the topic of a number of other reports. Zacks Research downgraded Usio from a “hold” rating to a “strong sell” rating in a research report on Friday, March 20th. 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 price target on shares of Usio in a research report on Friday, March 20th. Two analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.13.

Usio Stock Down 4.4%

Usio stock opened at $1.52 on Friday. The business has a fifty day moving average of $1.22 and a two-hundred day moving average of $1.33. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.05. The firm has a market cap of $41.95 million, a P/E ratio of -19.00 and a beta of 1.29. Usio has a twelve month low of $1.03 and a twelve month high of $2.02.

Usio (NASDAQ:USIO) last posted its earnings results on Wednesday, May 13th. The company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. The company had revenue of $25.47 million during the quarter, compared to analyst estimates of $23.20 million. Usio had a negative return on equity of 11.73% and a negative net margin of 2.43%. On average, analysts forecast that Usio will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Usio

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. acquired a new stake in Usio during the 1st quarter worth about $3,202,000. North Star Investment Management Corp. acquired a new stake in Usio during the 1st quarter worth about $205,000. Rothschild Wealth LLC acquired a new stake in Usio during the 4th quarter worth about $563,000. Citadel Advisors LLC grew its position 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 purchasing an additional 39,959 shares during the period. Finally, Scoggin Management LP acquired a new stake in Usio during the 3rd quarter worth about $114,000. 20.23% of the stock is 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.