StockNews.com Initiates Coverage on Issuer Direct (NYSE:ISDR)

StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDRFree Report) in a research report sent to investors on Wednesday morning. The brokerage issued a buy rating on the stock.

Issuer Direct Trading Down 2.0 %

Shares of ISDR stock opened at $9.99 on Wednesday. The stock has a 50-day simple moving average of $11.90 and a 200 day simple moving average of $14.39. The stock has a market capitalization of $38.16 million, a P/E ratio of 12.13 and a beta of 0.88. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.42. Issuer Direct has a fifty-two week low of $9.65 and a fifty-two week high of $23.40.

Issuer Direct (NYSE:ISDRGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.11). Issuer Direct had a return on equity of 9.01% and a net margin of 2.43%. The business had revenue of $6.96 million during the quarter, compared to analysts’ expectations of $8.63 million. On average, sell-side analysts expect that Issuer Direct will post 0.79 earnings per share for the current fiscal year.

Insider Transactions at Issuer Direct

In other news, major shareholder Topline Capital Partners, Lp purchased 10,498 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $11.90 per share, with a total value of $124,926.20. Following the purchase, the insider now directly owns 556,051 shares of the company’s stock, valued at $6,617,006.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Topline Capital Management, Ll acquired 14,062 shares of the stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $9.83 per share, with a total value of $138,229.46. Following the acquisition, the insider now owns 577,140 shares in the company, valued at approximately $5,673,286.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 10,498 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $11.90 per share, for a total transaction of $124,926.20. Following the acquisition, the insider now owns 556,051 shares in the company, valued at approximately $6,617,006.90. The disclosure for this purchase can be found here. Insiders bought 78,832 shares of company stock valued at $838,283 in the last three months. Corporate insiders own 26.08% of the company’s stock.

Issuer Direct Company Profile

(Get Free Report)

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.

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