Usio’s (USIO) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Usio (NASDAQ:USIO) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $4.00 price target 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 Stock Performance

NASDAQ:USIO opened at $1.88 on Wednesday. The company has a market cap of $51.00 million, a price-to-earnings ratio of 20.89 and a beta of 1.75. Usio has a 1 year low of $1.24 and a 1 year high of $2.92. The stock’s 50 day simple moving average is $1.76 and its two-hundred day simple moving average is $1.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Whittier Trust Co. purchased a new stake in Usio during the third quarter valued at approximately $3,821,000. Geode Capital Management LLC raised its holdings 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 buying an additional 9,731 shares during the period. Finally, Creative Planning bought a new stake in Usio in the third quarter worth $58,000. Institutional investors own 20.23% of the company’s stock.

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.