Tucows Inc. (TCX) EVP Sells $665,348.04 in Stock
Tucows Inc. (NASDAQ:TCX) EVP Carla Anne Goertz sold 20,708 shares of the business’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $32.13, for a total transaction of $665,348.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Tucows Inc. (NASDAQ:TCX) opened at 32.00 on Friday. Tucows Inc. has a 52 week low of $17.67 and a 52 week high of $33.94. The firm has a market cap of $333.57 million, a P/E ratio of 23.76 and a beta of 0.95. The company’s 50 day moving average is $28.17 and its 200-day moving average is $25.63.
Tucows (NASDAQ:TCX) last released its earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $47.50 million for the quarter, compared to the consensus estimate of $48.90 million. Tucows had a net margin of 8.08% and a return on equity of 52.28%. The firm’s quarterly revenue 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 expect that Tucows Inc. will post $1.42 earnings per share for the current year.
A number of equities analysts recently commented on the stock. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 target price on shares of Tucows in a research note on Friday, August 26th. Zacks Investment Research downgraded shares of Tucows from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 11th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Tucows by 8,653.2% in the first quarter. Royal Bank of Canada now owns 6,915 shares of the company’s stock valued at $155,000 after buying an additional 6,836 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV purchased a new position in Tucows during the second quarter valued at $463,000. Finally, Van Berkom & Associates Inc. purchased a new position in Tucows during the second quarter valued at $142,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.
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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