StockNews.com Initiates Coverage on Issuer Direct (NYSE:ISDR)

Analysts at StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

Issuer Direct Price Performance

NYSE ISDR opened at $8.06 on Tuesday. The business’s fifty day moving average is $9.87 and its 200 day moving average is $12.85. Issuer Direct has a fifty-two week low of $7.61 and a fifty-two week high of $23.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $30.77 million, a PE ratio of 40.28 and a beta of 0.73.

Issuer Direct (NYSE:ISDR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.11). The company had revenue of $6.96 million during the quarter, compared to the consensus estimate of $8.63 million. Issuer Direct had a return on equity of 9.01% and a net margin of 2.43%. Sell-side analysts predict that Issuer Direct will post 0.52 earnings per share for the current year.

Insider Activity

In other Issuer Direct news, insider Topline Capital Management, Ll bought 4,744 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average price of $7.80 per share, for a total transaction of $37,003.20. Following the completion of the transaction, the insider now owns 662,855 shares of the company’s stock, valued at approximately $5,170,269. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Topline Capital Partners, Lp acquired 30,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $9.97 per share, with a total value of $299,100.00. Following the acquisition, the insider now directly owns 607,140 shares of the company’s stock, valued at $6,053,185.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Topline Capital Management, Ll bought 4,744 shares of Issuer Direct stock in a transaction dated Wednesday, June 26th. The stock was purchased at an average cost of $7.80 per share, for a total transaction of $37,003.20. Following the completion of the acquisition, the insider now directly owns 662,855 shares of the company’s stock, valued at approximately $5,170,269. The disclosure for this purchase can be found here. Insiders have bought 129,273 shares of company stock worth $1,200,126 in the last three months. Company insiders own 26.08% of the company’s stock.

About Issuer Direct

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.