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

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

Analyst Ratings Changes

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

Usio Stock Up 3.4%

The company has a market capitalization of $78.66 million, a price-to-earnings ratio of -46.00 and a beta of 1.36. The business has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $2.00. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.05.

Usio (NASDAQ:USIO) last issued its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter. Usio had a negative return on equity of 8.20% and a negative net margin of 1.63%. The business had revenue of $23.68 million during the quarter, compared to analysts’ expectations of $23.67 million. Equities analysts expect that Usio Inc will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Usio

Several institutional investors have recently added to or reduced their stakes in USIO. FNY Investment Advisers LLC acquired a new stake in shares of Usio in the second quarter valued at $49,000. Allworth Financial LP bought a new position in shares of Usio in the second quarter valued at about $102,000. Stonebridge Wealth Management LLC lifted its position in Usio by 57.6% during the 3rd quarter. Stonebridge Wealth Management LLC now owns 279,067 shares of the company’s stock worth $751,000 after buying an additional 101,983 shares in the last quarter. BlackRock Inc. acquired a new position in Usio during the 2nd quarter worth about $277,000. Finally, North Star Investment Management Corp. acquired a new position in Usio during the 1st quarter worth about $205,000. 20.23% of the stock is owned by institutional investors.

Usio Company Profile

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.