Usio (NASDAQ:USIO) Stock Rating Upgraded by Wall Street Zen

Usio (NASDAQ:USIO) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also recently issued reports on the company. Zacks Research upgraded Usio from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings restated a “sell (d)” rating on shares of Usio in a research note on Wednesday, June 24th. Finally, LADENBURG THALM/SH SH lifted 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. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Usio currently has a consensus rating of “Hold” and a consensus price target of $5.12.

Usio Price Performance

NASDAQ USIO opened at $1.93 on Friday. The business has a fifty day moving average price of $1.91 and a two-hundred day moving average price of $1.50. The stock has a market capitalization of $53.27 million, a PE ratio of -24.12 and a beta of 1.30. Usio has a fifty-two week low of $1.03 and a fifty-two week high of $2.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.09 and a quick ratio of 1.09.

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, beating the consensus estimate 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 company had revenue of $25.47 million for the quarter, compared to analyst estimates of $23.20 million. Equities analysts expect that Usio will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Usio

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of Usio by 34.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after purchasing an additional 15,334 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Usio in the second quarter valued at approximately $49,000. Osaic Holdings Inc. increased its stake in shares of Usio by 246.1% in the second 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. Citadel Advisors LLC raised 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 buying an additional 39,959 shares during the last quarter. Finally, Scoggin Management LP bought a new position in Usio in the 3rd quarter valued at approximately $114,000. Institutional investors and hedge funds 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.