Usio (NASDAQ:USIO) Stock Jumps 3.4% - Still a Buy?

Key Points

• Usio shares rose 3.4% to $2.76 on Wednesday, with trading volume below the stock’s average session volume.
• Analyst sentiment is cautiously positive: the stock has a consensus “Moderate Buy” rating and an average price target of $5.38, including one target increase to $6.75.
• Usio reported quarterly revenue of $23.68 million and earnings of $0.01 per share, but remains unprofitable overall, with a negative net margin and return on equity; institutional investors own 20.23% of shares.

Usio Inc (NASDAQ:USIO - Get Free Report) shares were up 3.4% during trading on Wednesday. The company traded as high as $2.76 and last traded at $2.76. 176,327 shares were traded during trading, a decline of 15% from the average session volume of 207,106 shares. The stock had previously closed at $2.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. LADENBURG THALM/SH SH increased their target price on shares of Usio from $6.25 to $6.75 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Weiss Ratings raised shares of Usio from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Usio to a "hold" rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $5.38.

Usio Stock Performance

The company has a market cap of $78.66 million, a P/E ratio of -46.00 and a beta of 1.36. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.05. The stock's 50-day moving average price is $2.59 and its 200 day moving average price is $2.00.

Usio (NASDAQ:USIO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter. Usio had a negative net margin of 1.63% and a negative return on equity of 8.20%. The business had revenue of $23.68 million during the quarter, compared to analysts' expectations of $23.67 million. As a group, research analysts expect that Usio Inc will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Usio during the second quarter worth approximately $49,000. Allworth Financial LP bought a new stake in shares of Usio in the second quarter valued at approximately $102,000. Stonebridge Wealth Management LLC grew its stake in shares of Usio by 57.6% in the third quarter. Stonebridge Wealth Management LLC now owns 279,067 shares of the company's stock worth $751,000 after acquiring an additional 101,983 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Usio in the second quarter worth $277,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Usio in the first quarter worth $205,000. Institutional investors and hedge funds own 20.23% of the company's stock.

About Usio

Usio, Inc is a financial technology company that provides electronic payment and money-movement services to businesses, government agencies, financial institutions and other organizations. The company supports the acceptance and processing of credit and debit card payments, automated clearing house (ACH) transactions and electronic bill payments through its payment technology platform.

Usio also offers prepaid card and disbursement solutions, including services that can be used for payroll, incentives, refunds, healthcare payments and other controlled payment programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.