Issuer Direct (NYSE:ISDR) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a research report issued on Wednesday. The firm set a “buy” rating on the stock.

Issuer Direct Stock Down 4.4 %

Shares of NYSE:ISDR opened at $11.18 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $9.22 and its 200 day moving average is $10.73. The stock has a market cap of $42.67 million, a P/E ratio of 55.90 and a beta of 0.73. Issuer Direct has a 52-week low of $7.61 and a 52-week high of $21.00.

Issuer Direct (NYSE:ISDR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $7.69 million for the quarter, compared to analyst estimates of $7.62 million. Issuer Direct had a positive return on equity of 5.86% and a negative net margin of 1.97%. Sell-side analysts predict that Issuer Direct will post 0.54 EPS for the current year.

Insider Activity

In other Issuer Direct news, major shareholder Topline Capital Partners, Lp acquired 22,469 shares of Issuer Direct stock in a transaction that occurred on Thursday, June 27th. The stock was bought at an average price of $7.83 per share, with a total value of $175,932.27. Following the completion of the purchase, the insider now directly owns 685,324 shares of the company’s stock, valued at approximately $5,366,086.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Topline Capital Management, Ll purchased 19,826 shares of the stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $9.65 per share, for a total transaction of $191,320.90. Following the acquisition, the insider now owns 705,150 shares of the company’s stock, valued at $6,804,697.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 22,469 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was purchased at an average cost 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 $5,366,086.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 51,153 shares of company stock worth $444,409. Corporate 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.