Usio (NASDAQ:USIO) Given New $5.00 Price Target at Maxim Group

Usio (NASDAQ:USIOGet Rating) had its price target cut by research analysts at Maxim Group from $8.00 to $5.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Maxim Group’s price target suggests a potential upside of 197.62% from the company’s previous close.

Other research analysts have also issued research reports about the company. Barrington Research lowered their price objective on Usio from $7.00 to $4.00 and set a “market perform” rating on the stock in a report on Friday. TheStreet lowered Usio from a “c-” rating to a “d+” rating in a report on Friday, May 27th.

Usio Stock Up 1.8 %

NASDAQ:USIO opened at $1.68 on Monday. Usio has a 1-year low of $1.60 and a 1-year high of $8.62. The firm has a market capitalization of $42.91 million, a price-to-earnings ratio of -10.00 and a beta of 1.50. The stock has a fifty day simple moving average of $2.31 and a 200 day simple moving average of $2.80.

Institutional Trading of Usio

Institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. raised its holdings in Usio by 311.4% during the second quarter. AWM Investment Company Inc. now owns 353,160 shares of the company’s stock worth $858,000 after acquiring an additional 267,308 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Usio by 13.7% in the first quarter. Vanguard Group Inc. now owns 1,000,801 shares of the company’s stock valued at $3,583,000 after purchasing an additional 120,821 shares during the last quarter. Jacob Asset Management of New York LLC grew its position in shares of Usio by 36.7% in the fourth quarter. Jacob Asset Management of New York LLC now owns 410,000 shares of the company’s stock valued at $1,788,000 after purchasing an additional 110,000 shares during the last quarter. Cruiser Capital Advisors LLC acquired a new position in shares of Usio in the fourth quarter valued at approximately $334,000. Finally, Essex Investment Management Co. LLC grew its position in Usio by 26.1% during the fourth quarter. Essex Investment Management Co. LLC now owns 212,818 shares of the company’s stock worth $928,000 after buying an additional 44,058 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

About Usio

(Get Rating)

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check.

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