LADENBURG THALM/SH SH Increases Usio (NASDAQ:USIO) Price Target to $6.25

Usio (NASDAQ:USIO) had its price target upped by stock analysts at LADENBURG THALM/SH SH from $5.75 to $6.25 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s price objective would indicate a potential upside of 311.18% from the stock’s current price.

USIO has been the subject of several other reports. HC Wainwright restated a “buy” rating and set a $4.00 price objective on shares of Usio in a research note on Friday, March 20th. Zacks Research lowered Usio from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Usio in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Usio currently has a consensus rating of “Reduce” and a consensus price target of $5.13.

Usio Trading Down 4.4%

NASDAQ USIO traded down $0.07 during trading on Friday, hitting $1.52. The stock had a trading volume of 100,720 shares, compared to its average volume of 50,608. Usio has a one year low of $1.03 and a one year high of $2.02. The stock has a 50 day simple moving average of $1.22 and a 200 day simple moving average of $1.33. The stock has a market capitalization of $41.98 million, a price-to-earnings ratio of -19.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.08 and a current ratio of 1.08.

Usio (NASDAQ:USIO) last issued its earnings results on Wednesday, May 13th. The company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. The business had revenue of $25.47 million for the quarter, compared to analyst estimates of $23.20 million. Usio had a negative net margin of 2.43% and a negative return on equity of 11.68%. Sell-side analysts predict that Usio will post -0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Whittier Trust Co. purchased a new position in Usio during the first quarter worth about $3,202,000. North Star Investment Management Corp. purchased a new position in shares of Usio during the 1st quarter worth approximately $205,000. Rothschild Wealth LLC acquired a new stake in shares of Usio in the 4th quarter valued at approximately $563,000. Citadel Advisors LLC boosted its stake in shares of Usio by 103.7% in the third 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 in the last quarter. Finally, Scoggin Management LP acquired a new position in Usio during the third quarter worth $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.