Usio (NASDAQ:USIO) Stock Price Down 6.2% - Here's What Happened

Key Points

• Usio shares fell 6.2% to $2.57, with trading volume 68% below the average session volume. The company’s market capitalization stood at approximately $73.25 million.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $5.38; Ladenburg raised its target to $6.75 and maintained a “Buy” rating.
• Usio reported quarterly revenue of $23.68 million, essentially matching estimates, and earnings of $0.01 per share. Institutional investors own 20.23% of the company, with several funds recently increasing their positions.

Usio Inc (NASDAQ:USIO - Get Free Report) fell 6.2% on Wednesday . The stock traded as low as $2.55 and last traded at $2.57. 192,149 shares changed hands during trading, a decline of 68% from the average session volume of 599,505 shares. The stock had previously closed at $2.74.

Wall Street Analysts Forecast Growth

USIO has been the topic of a number of analyst reports. Zacks Research upgraded shares of Usio from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Usio from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. LADENBURG THALM/SH SH raised their target price on shares of Usio from $6.25 to $6.75 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Wall Street Zen raised 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, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.38.

Usio Stock Down 6.2%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.10. The firm has a fifty day moving average price of $2.41 and a 200 day moving average price of $1.77. The firm has a market capitalization of $73.25 million, a price-to-earnings ratio of -42.83 and a beta of 1.34.

Usio (NASDAQ:USIO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $23.68 million for the quarter, compared to analyst estimates of $23.67 million. Usio had a negative return on equity of 8.20% and a negative net margin of 1.63%.

Institutional Trading of Usio

Several hedge funds and other institutional investors have recently made changes to their positions in USIO. Goldman Sachs Group Inc. boosted its holdings in Usio by 34.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company's stock worth $87,000 after buying an additional 15,334 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Usio by 246.1% during the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company's stock valued at $43,000 after acquiring an additional 20,161 shares during the period. Scoggin Management LP acquired a new stake in shares of Usio during the 3rd quarter valued at approximately $114,000. Citadel Advisors LLC boosted its stake in shares of Usio by 103.7% during the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company's stock worth $111,000 after acquiring an additional 39,959 shares in the last quarter. Finally, Rothschild Wealth LLC purchased a new stake in shares of Usio during the 4th quarter worth approximately $563,000. 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.

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