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

StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a research report released on Monday. The firm issued a buy rating on the stock.

Issuer Direct Stock Up 4.0 %

Shares of NYSE ISDR opened at $7.94 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 0.84. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $23.40. The stock’s 50-day simple moving average is $10.17 and its 200-day simple moving average is $13.06. The firm has a market cap of $30.33 million, a price-to-earnings ratio of 39.70 and a beta of 0.78.

Issuer Direct (NYSE:ISDR) last announced its earnings results on Thursday, May 9th. The company reported $0.10 earnings per share (EPS) 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 business had revenue of $6.96 million during the quarter, compared to analyst estimates of $8.63 million. As a group, equities analysts anticipate that Issuer Direct will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Issuer Direct

In other news, insider Topline Capital Management, Ll acquired 14,412 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $9.28 per share, for a total transaction of $133,743.36. Following the completion of the purchase, the insider now directly owns 658,111 shares of the company’s stock, valued at approximately $6,107,270.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Issuer Direct news, major shareholder Topline Capital Partners, Lp purchased 30,000 shares of Issuer Direct stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of $9.97 per share, for a total transaction of $299,100.00. Following the transaction, the insider now owns 607,140 shares in the company, valued at approximately $6,053,185.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Topline Capital Management, Ll acquired 14,412 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of $9.28 per share, with a total value of $133,743.36. Following 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. In the last 90 days, insiders purchased 102,060 shares of company stock valued at $987,191. 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.