Barrington Believes Usio (NASDAQ: USIO) Still Has Room to Grow

Barrington analyst Gary Prestopino maintained a Buy rating on Usio (USIOResearch Report) today and set a price target of $9.00. The company’s shares closed last Monday at $7.27, close to its 52-week high of $8.19.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 43.4% and a 60.5% 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 Strong Buy analyst consensus rating for Usio with a $7.50 average price target, representing a 10.1% upside. In a report issued on March 31, Maxim Group also reiterated a Buy rating on the stock with a $9.00 price target.

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The company has a one-year high of $8.19 and a one-year low of $1.10. Currently, Usio has an average volume of 274.6K.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.