In a report released today, Gary Prestopino from Barrington reiterated a Buy rating on Usio (USIO), with a price target of $9.00. The company’s shares closed last Friday at $5.59.
According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 41.6% and a 59.0% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Usio with a $7.25 average price target.
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Based on Usio’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.38 million and net profit of $153K. In comparison, last year the company earned revenue of $7.37 million and had a GAAP net loss of $1.53 million.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of USIO in relation to earlier this year.
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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. The company was founded by Louis A. Hoch and Michael R. Long in July 1998 and is headquartered in San Antonio, TX.
