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

Equities research analysts at StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a report issued on Monday. The brokerage set a “buy” rating on the stock.

Issuer Direct Trading Up 1.6 %

Shares of ISDR stock opened at $8.31 on Monday. The stock has a 50-day simple moving average of $10.32 and a 200 day simple moving average of $13.15. Issuer Direct has a fifty-two week low of $8.01 and a fifty-two week high of $23.40. The stock has a market capitalization of $31.74 million, a P/E ratio of 41.55 and a beta of 0.78. 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 (NYSE:ISDR) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). Issuer Direct had a net margin of 2.43% and a return on equity of 9.01%. The company had revenue of $6.96 million during the quarter, compared to analyst estimates of $8.63 million. On average, sell-side analysts expect that Issuer Direct will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Issuer Direct

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 stock was bought at an average cost of $9.97 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Issuer Direct news, major shareholder Topline Capital Partners, Lp purchased 30,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of $9.97 per share, with a total value of $299,100.00. Following the transaction, the insider now directly owns 607,140 shares in the company, valued at approximately $6,053,185.80. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Topline Capital Management, Ll purchased 14,412 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was acquired at an average cost of $9.28 per share, for a total transaction of $133,743.36. Following the completion of the transaction, the insider now owns 658,111 shares in the company, valued at $6,107,270.08. The disclosure for this purchase can be found here. Insiders bought 102,060 shares of company stock valued at $987,191 in the last three months. Corporate insiders own 26.08% of the company’s stock.

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.