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

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

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Usio in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $4.00.

Usio Price Performance

Shares of Usio stock opened at $1.37 on Tuesday. Usio has a one year low of $1.24 and a one year high of $2.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.12 and a current ratio of 1.13. The stock has a market cap of $37.41 million, a P/E ratio of -68.50 and a beta of 1.28. The stock’s fifty day moving average is $1.40 and its 200 day moving average is $1.49.

Usio (NASDAQ:USIO) last released its earnings results on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). Usio had a negative return on equity of 2.05% and a negative net margin of 0.46%.The firm had revenue of $21.18 million during the quarter, compared to analysts’ expectations of $22.19 million. Sell-side analysts anticipate that Usio will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Usio

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC increased its holdings in Usio by 103.7% in the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock valued at $111,000 after acquiring an additional 39,959 shares during the last quarter. Scoggin Management LP purchased a new position in shares of Usio during the third quarter valued at about $114,000. GSA Capital Partners LLP increased its holdings in shares of Usio by 39.8% in the third quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock worth $128,000 after purchasing an additional 25,696 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Usio by 246.1% in the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after buying an additional 20,161 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Usio by 36.8% during the second quarter. Ritholtz Wealth Management now owns 31,370 shares of the company’s stock valued at $48,000 after buying an additional 8,442 shares during the last quarter. Institutional investors own 20.23% of the company’s stock.

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.