Usio (NASDAQ:USIO) Receives Buy Rating from HC Wainwright

Usio (NASDAQ:USIO)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $4.00 price objective on the stock. HC Wainwright’s target price indicates a potential upside of 151.57% from the company’s previous close.

Usio Stock Performance

Shares of Usio stock opened at $1.59 on Thursday. The firm’s fifty day simple moving average is $1.78 and its 200-day simple moving average is $1.60. Usio has a 12 month low of $1.24 and a 12 month high of $2.92. The stock has a market capitalization of $43.14 million, a price-to-earnings ratio of 17.67 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 posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.02 EPS for the quarter, beating 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 company had revenue of $20.56 million for the quarter, compared to analyst estimates of $21.10 million. As a group, equities analysts forecast that Usio will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

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