Usio (NASDAQ:USIO) Price Target Raised to $6.75

Usio (NASDAQ:USIO) had its price objective boosted by LADENBURG THALM/SH SH from $6.25 to $6.75 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on USIO. Zacks Research upgraded Usio from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings upgraded Usio from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Usio to a “hold” rating in a research note on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.38.

Usio Price Performance

Shares of USIO stock opened at $2.76 on Thursday. The firm has a fifty day simple moving average of $2.12 and a 200-day simple moving average of $1.60. The company has a market capitalization of $78.66 million, a PE ratio of -46.00 and a beta of 1.32. Usio has a twelve month low of $1.03 and a twelve month high of $2.98. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

Usio (NASDAQ:USIO) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter. Usio had a negative net margin of 1.63% and a negative return on equity of 8.20%. The firm had revenue of $23.68 million for the quarter, compared to the consensus estimate of $23.67 million. Equities research analysts anticipate that Usio will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Usio

Several institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. bought a new position in Usio during the 1st quarter valued at $3,202,000. Rothschild Wealth LLC bought a new stake in shares of Usio in the 4th quarter worth about $563,000. North Star Investment Management Corp. bought a new stake in shares of Usio in the 1st quarter worth about $205,000. BlackRock Inc. acquired a new stake in shares of Usio in the 2nd quarter valued at about $277,000. Finally, Scoggin Management LP acquired a new stake in shares of Usio in the 3rd quarter valued at about $114,000. 20.23% of the stock is owned by institutional investors and hedge funds.

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.