Tucows (NASDAQ:TCX) Issues Earnings Results

Tucows (NASDAQ:TCX) (TSE:TC) announced its earnings results on Thursday. The information services provider reported ($1.73) earnings per share (EPS) for the quarter, Zacks reports.

Tucows Stock Down 4.6%

NASDAQ:TCX traded down $0.86 on Thursday, hitting $17.75. The stock had a trading volume of 22,312 shares, compared to its average volume of 20,683. The company has a fifty day moving average price of $22.47 and a two-hundred day moving average price of $20.28. Tucows has a 1-year low of $13.27 and a 1-year high of $25.17. The stock has a market cap of $197.03 million, a price-to-earnings ratio of -1.98 and a beta of 1.00.

Institutional Investors Weigh In On Tucows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in shares of Tucows by 69.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock worth $25,000 after purchasing an additional 551 shares during the period. Tower Research Capital LLC TRC lifted its position in Tucows by 234.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock valued at $49,000 after buying an additional 1,726 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Tucows by 903.4% during the third quarter. Russell Investments Group Ltd. now owns 3,873 shares of the information services provider’s stock worth $72,000 after buying an additional 3,487 shares during the period. JPMorgan Chase & Co. boosted its stake in Tucows by 117.4% during the third quarter. JPMorgan Chase & Co. now owns 6,923 shares of the information services provider’s stock worth $128,000 after buying an additional 3,739 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Tucows by 6.2% during the third quarter. Rhumbline Advisers now owns 10,078 shares of the information services provider’s stock valued at $187,000 after acquiring an additional 590 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Tucows in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Tucows Company Profile

Tucows Inc (NASDAQ: TCX) is a diversified internet services company primarily known for its domain name registration and management business. Through its Domain Services division, Tucows operates leading reseller platforms such as OpenSRS and Enom, offering domain registration, SSL certificates, email hosting and related value-added services to web professionals, small businesses and enterprise partners worldwide. The company’s platforms enable thousands of resellers to provide branded internet services to their customers, leveraging Tucows’ infrastructure and expertise in the domain name system.

In addition to domain services, Tucows has built a growing portfolio of consumer-facing internet access offerings under the Ting brand.