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

StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a report issued on Wednesday morning. The firm issued a buy rating on the stock.

Issuer Direct Price Performance

Issuer Direct stock opened at $8.53 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $32.56 million, a P/E ratio of 42.65 and a beta of 0.73. The business’s fifty day moving average is $9.26 and its two-hundred day moving average is $12.45. Issuer Direct has a 52 week low of $7.61 and a 52 week high of $23.40.

Issuer Direct (NYSE:ISDR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). The business had revenue of $6.96 million during the quarter, compared to analyst estimates of $8.63 million. Issuer Direct had a return on equity of 9.01% and a net margin of 2.43%. Equities research analysts forecast that Issuer Direct will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Topline Capital Partners, Lp purchased 30,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $9.97 per share, with a total value of $299,100.00. Following the completion of the purchase, the insider now directly owns 607,140 shares of the company’s stock, valued at approximately $6,053,185.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Topline Capital Management, Ll purchased 7,027 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $10.00 per share, with a total value of $70,270.00. Following the completion of the purchase, the insider now directly owns 563,078 shares of the company’s stock, valued at approximately $5,630,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Topline Capital Partners, Lp purchased 30,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of $9.97 per share, for a total transaction of $299,100.00. Following the purchase, the insider now directly owns 607,140 shares of the company’s stock, valued at $6,053,185.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 129,273 shares of company stock valued at $1,200,126. 26.08% of the stock is currently owned by corporate insiders.

Issuer Direct Company Profile

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.