Jeffrey Nathan Schwartz Sells 13,125 Shares of Tucows Inc. (TCX) Stock
Tucows Inc. (NASDAQ:TCX) Director Jeffrey Nathan Schwartz sold 13,125 shares of the company’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $30.65, for a total transaction of $402,281.25. Following the transaction, the director now owns 30,625 shares of the company’s stock, valued at $938,656.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Tucows Inc. (NASDAQ:TCX) opened at 31.94 on Friday. The stock has a market cap of $332.94 million, a price-to-earnings ratio of 23.71 and a beta of 0.95. Tucows Inc. has a 12-month low of $17.67 and a 12-month high of $33.94. The stock’s 50 day moving average is $28.03 and its 200-day moving average is $25.56.
Tucows (NASDAQ:TCX) last announced its earnings results on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $47.50 million for the quarter, compared to analyst estimates of $48.90 million. Tucows had a net margin of 8.08% and a return on equity of 52.28%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities analysts anticipate that Tucows Inc. will post $1.42 EPS for the current fiscal year.
A number of research firms have weighed in on TCX. Cantor Fitzgerald cut shares of Tucows from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Zacks Investment Research cut shares of Tucows from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th.
Several institutional investors have recently made changes to their positions in TCX. Van Berkom & Associates Inc. acquired a new position in shares of Tucows during the second quarter worth about $142,000. Royal Bank of Canada raised its position in shares of Tucows by 8,653.2% in the first quarter. Royal Bank of Canada now owns 6,915 shares of the company’s stock worth $155,000 after buying an additional 6,836 shares during the period. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in shares of Tucows during the second quarter worth about $463,000. Institutional investors and hedge funds own 19.97% of the company’s stock.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.
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