Usio (NASDAQ:USIO) Earns “Buy” Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Usio (NASDAQ:USIO) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $4.00 target price on the stock.

Usio Trading Down 1.9 %

USIO stock opened at $1.56 on Thursday. Usio has a 12 month low of $1.24 and a 12 month high of $2.92. The firm’s 50-day moving average is $1.77 and its 200 day moving average is $1.60. The company has a market capitalization of $42.32 million, a PE ratio of 17.33 and a beta of 1.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10.

Usio (NASDAQ:USIO) last issued its earnings results on Wednesday, March 26th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Usio had a net margin of 3.33% and a negative return on equity of 2.98%. The business had revenue of $20.56 million for the quarter, compared to analyst estimates of $21.10 million. On average, research analysts anticipate that Usio will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Usio

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of Usio by 25.5% in the 4th quarter. Renaissance Technologies LLC now owns 479,383 shares of the company’s stock worth $700,000 after purchasing an additional 97,442 shares during the period. Integrity Wealth Advisors Inc. purchased a new position in Usio during the fourth quarter valued at approximately $139,000. Perkins Capital Management Inc. raised its stake in Usio by 1.4% in the fourth quarter. Perkins Capital Management Inc. now owns 995,693 shares of the company’s stock worth $1,454,000 after buying an additional 13,500 shares in the last quarter. Perritt Capital Management Inc lifted its holdings in Usio by 2.1% during the fourth quarter. Perritt Capital Management Inc now owns 478,200 shares of the company’s stock worth $698,000 after buying an additional 10,000 shares during the period. Finally, Geode Capital Management LLC boosted its position in Usio by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after acquiring an additional 9,731 shares in the last quarter. 20.23% of the stock is currently owned by hedge funds and other institutional investors.

Usio Company Profile

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.