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

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

Issuer Direct Stock Performance

NYSE ISDR opened at $9.05 on Monday. The company’s 50 day moving average is $8.75 and its 200-day moving average is $11.05. The firm has a market cap of $34.54 million, a P/E ratio of 45.25 and a beta of 0.73. Issuer Direct has a 12-month low of $7.61 and a 12-month high of $21.75. 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 (NYSE:ISDR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $7.69 million for the quarter, compared to analysts’ expectations of $7.62 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 Buying and Selling

In other Issuer Direct news, major shareholder Topline Capital Partners, Lp acquired 22,469 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were bought at an average price of $7.83 per share, for a total transaction of $175,932.27. Following the completion of the transaction, the insider now owns 685,324 shares of the company’s stock, valued at approximately $5,366,086.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Topline Capital Partners, Lp acquired 22,469 shares of the stock in a transaction dated Thursday, June 27th. The shares were purchased at an average price of $7.83 per share, for a total transaction of $175,932.27. Following the transaction, the insider now owns 685,324 shares in the company, valued at approximately $5,366,086.92. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 bought at an average price of $7.80 per share, with a total value of $37,003.20. Following the completion of the transaction, 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. In the last 90 days, insiders have bought 78,184 shares of company stock valued at $692,527. Company insiders own 26.08% of the company’s stock.

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.