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

Usio (NASDAQ:USIO - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at HC Wainwright in a report released on Wednesday,Benzinga reports. They presently have a $4.00 target price on the stock. HC Wainwright's price objective indicates a potential upside of 112.77% from the stock's previous close. 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 Up 5.0 %

USIO traded up $0.09 on Wednesday, hitting $1.88. 280,020 shares of the company were exchanged, compared to its average volume of 758,884. 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 stock's fifty day moving average is $1.77 and its 200-day moving average is $1.57. The company has a market cap of $51.00 million, a PE ratio of 20.89 and a beta of 1.75. Usio has a 12 month low of $1.24 and a 12 month high of $2.92.

Hedge Funds Weigh In On Usio

Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning bought a new stake in Usio in the 3rd quarter valued at $58,000. Geode Capital Management LLC boosted its position in shares of Usio by 5.6% in the third 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 during the period. Finally, Whittier Trust Co. bought a new position in Usio during the third quarter worth about $3,821,000. Institutional investors and hedge funds 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.