Issuer Direct (NYSE:ISDR) Earns Buy Rating from Analysts at StockNews.com

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

Issuer Direct Trading Up 4.9 %

Shares of ISDR stock opened at $11.95 on Friday. The stock has a market cap of $45.61 million, a price-to-earnings ratio of 56.95 and a beta of 0.75. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. Issuer Direct has a fifty-two week low of $7.61 and a fifty-two week high of $19.03. The firm’s 50 day moving average price is $9.95 and its two-hundred day moving average price is $10.24.

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

Insider Buying and Selling at Issuer Direct

In other news, insider Topline Capital Management, Ll bought 19,826 shares of Issuer Direct stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $9.65 per share, with a total value of $191,320.90. Following the completion of the transaction, the insider now owns 705,150 shares in the company, valued at approximately $6,804,697.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Topline Capital Management, Ll bought 19,826 shares of Issuer Direct stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $9.65 per share, with a total value of $191,320.90. Following the completion of the transaction, the insider now owns 705,150 shares in the company, valued at approximately $6,804,697.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Topline Capital Partners, Lp bought 4,114 shares of Issuer Direct stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average cost of $9.76 per share, for a total transaction of $40,152.64. Following the completion of the transaction, the insider now owns 709,264 shares of the company’s stock, valued at approximately $6,922,416.64. The disclosure for this purchase can be found here. 26.08% of the stock is currently owned by corporate insiders.

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.