Usio (NASDAQ:USIO – Get Free Report) had its target price upped by equities research analysts at LADENBURG THALM/SH SH from $5.75 to $6.25 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s target price suggests a potential upside of 311.18% from the stock’s current price.
A number of other equities analysts also recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Usio in a research note on Friday, March 27th. HC Wainwright reiterated a “buy” rating and issued a $4.00 target price on shares of Usio in a research report on Friday, March 20th. Finally, Zacks Research lowered Usio from a “hold” rating to a “strong sell” rating in a research report on Friday, March 20th. Two analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $5.13.
View Our Latest Stock Analysis on USIO
Usio Trading Down 4.4%
Usio (NASDAQ:USIO – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. Usio had a negative return on equity of 11.68% and a negative net margin of 2.43%.The firm had revenue of $25.47 million during the quarter, compared to the consensus estimate of $23.20 million. Equities analysts expect that Usio will post -0.04 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of USIO. Whittier Trust Co. bought a new position in shares of Usio in the first quarter valued at approximately $3,202,000. Rothschild Wealth LLC acquired a new position in Usio in the 4th quarter valued at $563,000. North Star Investment Management Corp. bought a new position in Usio in the 1st quarter worth $205,000. Scoggin Management LP acquired a new position in Usio during the 3rd quarter worth $114,000. Finally, Citadel Advisors LLC boosted its holdings in Usio by 103.7% during the third 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 period. Institutional investors and hedge funds 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.
Further Reading
- Five stocks we like better than Usio
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Usio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Usio and related companies with MarketBeat.com's FREE daily email newsletter.
