Tucows Inc. (TCX) Upgraded by BidaskClub to Buy
BidaskClub upgraded shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.
Separately, Zacks Investment Research upgraded shares of Tucows from a sell rating to a hold rating in a research report on Wednesday, April 12th.
Tucows (TCX) traded down 1.52% during mid-day trading on Friday, reaching $58.45. 70,989 shares of the company traded hands. The stock’s 50-day moving average price is $57.99 and its 200-day moving average price is $50.18. Tucows has a one year low of $25.78 and a one year high of $63.20. The firm has a market cap of $614.25 million, a PE ratio of 44.35 and a beta of 1.37.
Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Tuesday, May 9th. The information services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.47 by $0.13. Tucows had a return on equity of 43.00% and a net margin of 6.55%. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $84.05 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s quarterly revenue was up 55.7% compared to the same quarter last year. Analysts forecast that Tucows will post $2.20 earnings per share for the current fiscal year.
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In related news, CFO Davinder Singh sold 1,236 shares of Tucows stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $60.00, for a total transaction of $74,160.00. Following the transaction, the chief financial officer now owns 1,764 shares of the company’s stock, valued at approximately $105,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael Goldstein sold 9,876 shares of Tucows stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $58.76, for a total transaction of $580,313.76. Following the transaction, the vice president now directly owns 4,163 shares in the company, valued at approximately $244,617.88. The disclosure for this sale can be found here. Insiders have sold a total of 185,701 shares of company stock worth $10,773,117 in the last three months. 17.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd purchased a new position in Tucows during the first quarter valued at $189,000. Bard Associates Inc. purchased a new position in Tucows during the first quarter valued at $236,000. BlueCrest Capital Management Ltd purchased a new position in Tucows during the first quarter valued at $249,000. TD Asset Management Inc. purchased a new position in Tucows during the first quarter valued at $263,000. Finally, Airain ltd purchased a new position in Tucows during the first quarter valued at $288,000. 29.58% of the stock is currently owned by institutional investors and hedge funds.
Tucows Company Profile
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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