Wall Street Zen Upgrades Usio (NASDAQ:USIO) to Hold

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

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

Usio Trading Up 2.1%

Shares of USIO opened at $1.93 on Friday. Usio has a 52-week low of $1.03 and a 52-week high of $2.62. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average is $1.91 and its two-hundred day moving average is $1.50. The stock has a market cap of $53.26 million, a PE ratio of -24.12 and a beta of 1.30.

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

Institutional Investors Weigh In On Usio

A number of hedge funds have recently modified their holdings of USIO. FNY Investment Advisers LLC purchased a new position in Usio during the second quarter worth about $49,000. Osaic Holdings Inc. boosted its holdings in Usio by 246.1% in the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock valued at $43,000 after purchasing an additional 20,161 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after buying an additional 15,334 shares during the period. Citadel Advisors LLC grew its stake in shares of 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 period. Finally, Scoggin Management LP purchased a new stake in shares of Usio in the 3rd quarter valued at approximately $114,000. Hedge funds and other institutional investors own 20.23% of the company’s stock.

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.