Brian Balbirnie Purchases 10,000 Shares of ACCESS Newswire (NYSEAMERICAN:ACCS) Stock

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $4.95 per share, with a total value of $49,500.00. Following the completion of the purchase, the chief executive officer owned 644,667 shares in the company, valued at $3,191,101.65. This trade represents a 1.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ACCESS Newswire Stock Performance

ACCS opened at $4.97 on Monday. The company has a 50 day simple moving average of $6.50 and a two-hundred day simple moving average of $7.17. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $19.04 million, a P/E ratio of -11.30 and a beta of 0.40. ACCESS Newswire Inc. has a 1-year low of $4.74 and a 1-year high of $11.75.

ACCESS Newswire (NYSEAMERICAN:ACCS) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter. ACCESS Newswire had a positive return on equity of 4.88% and a negative net margin of 7.63%.The business had revenue of $5.62 million during the quarter. Equities analysts forecast that ACCESS Newswire Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ACCESS Newswire

Several institutional investors have recently bought and sold shares of the business. Topline Capital Management LLC purchased a new stake in ACCESS Newswire during the second quarter valued at approximately $8,724,000. Geode Capital Management LLC bought a new stake in shares of ACCESS Newswire in the 2nd quarter worth about $362,000. Nano Cap New Millennium Growth Fund L P bought a new position in ACCESS Newswire during the 4th quarter valued at about $140,000. Bridgeway Capital Management LLC purchased a new position in shares of ACCESS Newswire during the second quarter valued at approximately $163,000. Finally, DRW Securities LLC purchased a new stake in shares of ACCESS Newswire in the fourth quarter worth approximately $117,000. Institutional investors own 50.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital decreased their target price on ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, ACCESS Newswire has a consensus rating of “Buy” and a consensus price target of $12.00.

About ACCESS Newswire

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.