FY2024 EPS Estimates for Usio, Inc. (NASDAQ:USIO) Lowered by HC Wainwright

Usio, Inc. (NASDAQ:USIO) – HC Wainwright cut their FY2024 EPS estimates for Usio in a research report issued on Friday, August 16th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings of $0.03 per share for the year, down from their prior estimate of $0.07. HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Usio’s current full-year earnings is $0.10 per share.

Separately, Litchfield Hills Research began coverage on shares of Usio in a report on Wednesday, June 5th. They set a “buy” rating and a $6.00 price objective for the company.

Usio Stock Up 1.7 %

Shares of NASDAQ USIO opened at $1.49 on Monday. The stock has a market cap of $39.38 million, a P/E ratio of -37.25 and a beta of 1.73. The firm has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.10 and a current ratio of 1.11. Usio has a 52-week low of $1.30 and a 52-week high of $2.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Perritt Capital Management Inc lifted its position in shares of Usio by 35.7% in the second quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock worth $581,000 after purchasing an additional 100,000 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Usio in the first quarter worth $34,000. Finally, Perritt Capital Management Inc. lifted its position in shares of Usio by 3.7% in the fourth quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock worth $482,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 20.23% of the company’s stock.

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.