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

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

Issuer Direct Price Performance

NYSE ISDR opened at $9.30 on Friday. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $22.76. The company has a fifty day simple moving average of $8.76 and a 200 day simple moving average of $11.28. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. The company has a market cap of $35.50 million, a P/E ratio of 46.50 and a beta of 0.73.

Issuer Direct (NYSE:ISDR) last released its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $7.69 million during the quarter, compared to analyst estimates of $7.62 million. Issuer Direct had a net margin of 2.43% and a return on equity of 9.01%. On average, sell-side analysts predict that Issuer Direct will post 0.52 EPS for the current year.

Insider Activity at Issuer Direct

In related news, major shareholder Topline Capital Partners, Lp bought 36,559 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $9.46 per share, with a total value of $345,848.14. Following the completion of the transaction, the insider now owns 643,699 shares of the company’s stock, valued at approximately $6,089,392.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Topline Capital Management, Ll purchased 4,744 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of $7.80 per share, for a total transaction of $37,003.20. Following the completion of the purchase, the insider now directly owns 662,855 shares of the company’s stock, valued at approximately $5,170,269. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Topline Capital Partners, Lp acquired 36,559 shares of Issuer Direct stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $9.46 per share, with a total value of $345,848.14. Following the transaction, the insider now directly owns 643,699 shares in the company, valued at approximately $6,089,392.54. The disclosure for this purchase can be found here. Insiders acquired a total of 78,184 shares of company stock worth $692,527 in the last 90 days. 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.