Usio, Inc. (NASDAQ:USIO – Get Free Report) shares rose 1% on Wednesday . The company traded as high as $1.52 and last traded at $1.50. Approximately 27,033 shares traded hands during trading, a decline of 21% from the average daily volume of 34,136 shares. The stock had previously closed at $1.48.
Analysts Set New Price Targets
Separately, HC Wainwright raised their price target on shares of Usio from $3.50 to $4.00 and gave the company a “buy” rating in a report on Monday, April 1st.
View Our Latest Analysis on Usio
Usio Stock Performance
Institutional Investors Weigh In On Usio
A number of large investors have recently added to or reduced their stakes in the company. Perritt Capital Management Inc. grew its holdings in Usio by 3.7% during the 4th quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock valued at $482,000 after purchasing an additional 10,000 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Usio during the 1st quarter worth $34,000. Finally, Perkins Capital Management Inc. grew its holdings in Usio by 3.5% during the 4th quarter. Perkins Capital Management Inc. now owns 1,040,693 shares of the company’s stock worth $1,790,000 after acquiring an additional 35,500 shares in the last quarter. 20.23% of the stock is owned by institutional investors and hedge funds.
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.
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