Usio (NASDAQ:USIO) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Usio (NASDAQ:USIO) to a hold rating in a report issued on Saturday morning.

Several other equities analysts also recently weighed in on USIO. Zacks Research raised Usio from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a research note on Wednesday, June 24th. Finally, LADENBURG THALM/SH SH lifted their price objective on Usio from $5.75 to $6.25 and gave the stock a “buy” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.12.

Usio Price Performance

Shares of NASDAQ USIO opened at $1.93 on Friday. The stock has a market cap of $53.27 million, a price-to-earnings ratio of -24.12 and a beta of 1.30. Usio has a 52 week low of $1.03 and a 52 week high of $2.62. The company’s 50-day moving average price is $1.91 and its 200 day moving average price is $1.50. 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 (NASDAQ:USIO) last issued its quarterly earnings data 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. Usio had a negative net margin of 2.43% and a negative return on equity of 11.73%. The business had revenue of $25.47 million during the quarter, compared to analysts’ expectations of $23.20 million. As a group, research analysts forecast that Usio will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Usio

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in shares of 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 acquiring an additional 15,334 shares during the period. Osaic Holdings Inc. grew its stake in shares of Usio by 246.1% during the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock valued at $43,000 after buying an additional 20,161 shares during the period. Scoggin Management LP purchased a new stake in shares of Usio during the 3rd quarter valued at $114,000. Citadel Advisors LLC increased its holdings in shares of 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 last quarter. Finally, Rothschild Wealth LLC purchased a new position in shares of Usio in the 4th quarter worth $563,000. 20.23% of the stock is owned by institutional investors and hedge funds.

Usio Company Profile

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.