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

StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a report published on Saturday morning. The brokerage issued a buy rating on the stock.

Issuer Direct Trading Up 2.7 %

NYSE:ISDR opened at $9.19 on Friday. The firm has a 50 day moving average of $8.80 and a 200 day moving average of $11.53. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.42. Issuer Direct has a 52 week low of $7.61 and a 52 week high of $23.40. The stock has a market capitalization of $35.08 million, a price-to-earnings ratio of 46.00 and a beta of 0.73.

Issuer Direct (NYSE:ISDR) last issued its earnings results on Thursday, May 9th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). The firm had revenue of $6.96 million during the quarter, compared to analysts’ expectations of $8.63 million. Issuer Direct had a net margin of 2.43% and a return on equity of 9.01%. As a group, sell-side analysts anticipate that Issuer Direct will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Topline Capital Partners, Lp bought 22,469 shares of Issuer Direct stock in a transaction on Thursday, June 27th. The stock was acquired at an average price of $7.83 per share, with a total value of $175,932.27. Following the completion of the acquisition, the insider now directly owns 685,324 shares of the company’s stock, valued at $5,366,086.92. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Issuer Direct news, major shareholder Topline Capital Partners, Lp acquired 22,469 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was bought at an average price of $7.83 per share, for a total transaction of $175,932.27. Following the acquisition, the insider now owns 685,324 shares in the company, valued at $5,366,086.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Topline Capital Management, Ll acquired 14,062 shares of Issuer Direct stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $9.83 per share, for a total transaction of $138,229.46. Following the transaction, the insider now owns 577,140 shares of the company’s stock, valued at approximately $5,673,286.20. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 129,273 shares of company stock valued at $1,200,126. 26.08% of the stock is owned by company insiders.

Issuer Direct Company Profile

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.