After Barrington and Ladenburg Thalmann & Co. gave Usio (NASDAQ: USIO) a Buy rating last month, the company received another Buy, this time from Maxim Group. Analyst Michael Diana reiterated a Buy rating on Usio yesterday and set a price target of $9.00. The company’s shares closed last Wednesday at $5.31.
According to TipRanks.com, Diana is a 5-star analyst with an average return of 14.1% and a 55.5% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Pennantpark Floating Rate.
Currently, the analyst consensus on Usio is a Strong Buy with an average price target of $7.56, implying a 37.7% upside from current levels. In a report issued on May 7, Barrington also maintained a Buy rating on the stock with a $9.00 price target.
The company has a one-year high of $8.19 and a one-year low of $1.40. Currently, Usio has an average volume of 176.5K.
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.