Usio (NASDAQ:USIO) Announces Earnings Results

Key Points

• Usio reported quarterly EPS of $0.01 and revenue of $23.68 million, essentially matching the $23.67 million consensus estimate. The company remained unprofitable, with a negative net margin of 2.43% and negative return on equity of 11.73%.
• Usio shares rose to $2.38 during Wednesday trading, with volume substantially above average. The stock remains volatile, trading between a 12-month low of $1.03 and high of $2.62.
• Analyst sentiment is mixed, with two Buy ratings, one Hold, and one Sell; the consensus rating is Hold with a $5.12 price target. Institutional investors own 20.23% of the company.

Usio (NASDAQ:USIO - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $23.68 million during the quarter, compared to the consensus estimate of $23.67 million. Usio had a negative net margin of 2.43% and a negative return on equity of 11.73%.

Usio Stock Performance

USIO traded up $0.15 during trading on Wednesday, hitting $2.38. The stock had a trading volume of 706,286 shares, compared to its average volume of 98,852. The firm has a market capitalization of $65.68 million, a P/E ratio of -29.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.09. Usio has a twelve month low of $1.03 and a twelve month high of $2.62. The company's 50-day moving average price is $2.05 and its 200 day moving average price is $1.57.

Institutional Trading of Usio

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its holdings in Usio by 246.1% during the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company's stock worth $43,000 after purchasing an additional 20,161 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Usio by 34.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company's stock worth $87,000 after purchasing an additional 15,334 shares during the period. Citadel Advisors LLC increased its position in 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 purchasing an additional 39,959 shares during the period. Scoggin Management LP purchased a new position in shares of Usio during the 3rd quarter worth approximately $114,000. Finally, Rothschild Wealth LLC purchased a new position in shares of Usio during the 4th quarter worth approximately $563,000. Hedge funds and other institutional investors own 20.23% of the company's stock.

Wall Street Analysts Forecast Growth

USIO has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Usio in a research report on Wednesday, June 24th. Zacks Research raised Usio from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. LADENBURG THALM/SH SH lifted their price target on Usio from $5.75 to $6.25 and gave the stock a "buy" rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded Usio to a "hold" rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Usio has an average rating of "Hold" and a consensus target price of $5.12.

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.

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