Barrington Keeps Their Buy Rating on Usio Inc (USIO)
Barrington analyst Gary Prestopino maintained a Buy rating on Usio Inc (USIO) today and set a price target of $5. The company’s shares closed last Monday at $2.26.
“We believe the price decline may be attributed to the potential for the company not to hit it’s 20% revenue growth target in 2019. We view this potential shortfall as transitory in that PayFac integrations and merchant boarding can be lumpy once an ISV is signed. We believe the company is tracking at better‐than‐expected rates for new PayFac signings. We would use this price decline as an opportunity to add to, or initiate, new positions in the shares for long‐term capital appreciation.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.7% and a 47.0% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
Currently, the analyst consensus on Usio Inc is a Moderate Buy with an average price target of $4.75.
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The company has a one-year high of $3.82 and a one-year low of $1.38. Currently, Usio Inc has an average volume of 20.01K.
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USIO, Inc. engages in providing integrated payment solutions. It also offers prepaid card processing and program management services for various other card programs including incentive cards for clinical trial recipients, consumer gift cards, rebate cards, and various other card programs that can be branded or white labeled.