Usio (NASDAQ:USIO) Stock Price Expected to Rise, LADENBURG THALM/SH SH Analyst Says

Key Points

• LADENBURG THALM/SH SH raised Usio’s price target from $6.25 to $6.75 and maintained a “Buy” rating, implying approximately 151% upside from the stock’s $2.69 price.
• Usio shares rose 12.9% during Thursday trading, reaching $2.69, while recent quarterly results showed $0.01 in EPS and $23.68 million in revenue, roughly matching analyst expectations.
• Despite the bullish target, analyst sentiment overall remains mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $5.38. Institutional investors own 20.23% of the company.

Usio (NASDAQ:USIO - Get Free Report) had its price target increased by analysts at LADENBURG THALM/SH SH from $6.25 to $6.75 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. LADENBURG THALM/SH SH's target price points to a potential upside of 151.21% from the stock's current price.

USIO has been the topic of a number of other reports. Weiss Ratings upgraded shares of Usio from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday. Zacks Research upgraded shares of Usio from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Finally, Wall Street Zen raised shares of Usio to a "hold" rating in a research report on Saturday, July 25th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $5.38.

Usio Stock Up 12.9%

Shares of NASDAQ:USIO traded up $0.31 during mid-day trading on Thursday, reaching $2.69. 1,862,975 shares of the stock were exchanged, compared to its average volume of 123,820. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.05. The company has a market cap of $74.16 million, a P/E ratio of -33.44 and a beta of 1.32. Usio has a one year low of $1.03 and a one year high of $2.98. The stock's 50 day simple moving average is $2.07 and its 200-day simple moving average is $1.58.

Usio (NASDAQ:USIO - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.01 EPS for the quarter. Usio had a negative return on equity of 11.73% and a negative net margin of 2.43%.The firm had revenue of $23.68 million for the quarter, compared to analysts' expectations of $23.67 million. As a group, equities research analysts predict that Usio will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of USIO. Whittier Trust Co. acquired a new stake in shares of Usio in the 1st quarter valued at approximately $3,202,000. North Star Investment Management Corp. acquired a new position in Usio during the first quarter worth $205,000. Rothschild Wealth LLC acquired a new position in Usio during the fourth quarter worth $563,000. Citadel Advisors LLC lifted its stake in 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 acquiring an additional 39,959 shares during the last quarter. Finally, Scoggin Management LP acquired a new stake in Usio in the third quarter valued at $114,000. 20.23% of the stock is currently owned by institutional investors.

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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