Issuer Direct (NYSE:ISDR) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a research note published on Friday morning. The brokerage issued a buy rating on the stock.

Issuer Direct Trading Down 1.8 %

NYSE:ISDR opened at $10.40 on Friday. The company has a market capitalization of $39.70 million, a PE ratio of 52.00 and a beta of 0.75. Issuer Direct has a 52-week low of $7.61 and a 52-week high of $19.49. The stock’s 50 day moving average price is $9.74 and its 200 day moving average price is $10.33. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39.

Issuer Direct (NYSE:ISDR) last announced its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Issuer Direct had a negative net margin of 1.97% and a positive return on equity of 5.86%. The business had revenue of $7.69 million for the quarter, compared to analysts’ expectations of $7.62 million. On average, research analysts anticipate that Issuer Direct will post 0.54 EPS for the current year.

Insider Transactions at Issuer Direct

In related news, insider Topline Capital Management, Ll purchased 4,744 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average price of $7.80 per share, for a total transaction of $37,003.20. Following the transaction, the insider now directly owns 662,855 shares of the company’s stock, valued at approximately $5,170,269. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Topline Capital Management, Ll acquired 4,744 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of $7.80 per share, for a total transaction of $37,003.20. Following the transaction, the insider now directly owns 662,855 shares in the company, valued at approximately $5,170,269. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of $9.76 per share, with a total value of $40,152.64. Following the transaction, the insider now owns 709,264 shares in the company, valued at approximately $6,922,416.64. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 51,153 shares of company stock worth $444,409. Company insiders own 26.08% of the company’s stock.

About Issuer Direct

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.