HC Wainwright Reaffirms “Buy” Rating for Usio (NASDAQ:USIO)

HC Wainwright reiterated their buy rating on shares of Usio (NASDAQ:USIO) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $4.00 price objective on the stock. HC Wainwright also issued estimates for Usio’s Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.04) EPS and FY2025 earnings at $0.04 EPS.

Usio Price Performance

Shares of USIO stock opened at $1.88 on Wednesday. The stock has a 50 day moving average price of $1.76 and a 200 day moving average price of $1.56. Usio has a 52-week low of $1.24 and a 52-week high of $2.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $51.00 million, a P/E ratio of 20.89 and a beta of 1.75.

Institutional Investors Weigh In On Usio

Several large investors have recently added to or reduced their stakes in the stock. Creative Planning purchased a new position in shares of Usio during the third quarter worth approximately $58,000. Geode Capital Management LLC grew its stake in Usio by 5.6% in the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after purchasing an additional 9,731 shares in the last quarter. Finally, Whittier Trust Co. purchased a new position in Usio during the 3rd quarter worth $3,821,000. 20.23% of the stock is owned by hedge funds and other institutional investors.

About Usio

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.