Zacks Investment Research downgraded shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a report released on Friday, May 12th.

According to Zacks, “Tucows Inc. is a pioneering provider of personalized information agents and Web sites. They deliver information over the Internet and other communications mediums such as email. Their sites provide users with relevant information they cannot conveniently locate in any one place elsewhere on the Internet. “

Shares of Tucows (TCX) traded up 0.09% during midday trading on Friday, hitting $57.15. 93,911 shares of the stock were exchanged. The firm has a 50 day moving average of $58.70 and a 200 day moving average of $48.66. Tucows has a 12-month low of $23.19 and a 12-month high of $63.20. The firm has a market cap of $600.59 million, a P/E ratio of 43.36 and a beta of 1.16.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Tuesday, May 9th. The information services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.13. Tucows had a return on equity of 43.00% and a net margin of 6.55%. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $84.05 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 55.7% on a year-over-year basis. Equities analysts forecast that Tucows will post $2.20 EPS for the current fiscal year.

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In other news, CFO Michael Cooperman sold 29,219 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $48.04, for a total transaction of $1,403,680.76. Following the completion of the transaction, the chief financial officer now owns 189,187 shares in the company, valued at $9,088,543.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rawleigh Hazen Iv Ralls sold 51,250 shares of the company’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $49.27, for a total transaction of $2,525,087.50. Following the transaction, the director now owns 143,264 shares of the company’s stock, valued at approximately $7,058,617.28. The disclosure for this sale can be found here. Insiders sold 211,770 shares of company stock worth $11,606,562 over the last ninety days. 17.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its position in shares of Tucows by 86.2% in the first quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 472,950 shares of the information services provider’s stock worth $24,145,000 after buying an additional 218,989 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Tucows during the first quarter worth about $5,619,000. CLS Investments LLC bought a new position in shares of Tucows during the first quarter worth about $2,237,000. Renaissance Technologies LLC raised its position in shares of Tucows by 5.6% in the first quarter. Renaissance Technologies LLC now owns 760,651 shares of the information services provider’s stock worth $38,831,000 after buying an additional 40,600 shares in the last quarter. Finally, Micawber Capital LLC bought a new position in shares of Tucows during the fourth quarter worth about $1,137,000. Hedge funds and other institutional investors own 29.59% of the company’s stock.

About Tucows

Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.

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