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

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

Issuer Direct Stock Performance

NYSE ISDR opened at $8.40 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $32.09 million, a P/E ratio of 42.00 and a beta of 0.73. The stock has a 50-day moving average of $9.67 and a two-hundred day moving average of $12.74. Issuer Direct has a 1-year low of $7.61 and a 1-year high of $23.40.

Issuer Direct (NYSE:ISDR) last issued its quarterly 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). The business had revenue of $6.96 million for the quarter, compared to analysts’ expectations of $8.63 million. Issuer Direct had a return on equity of 9.01% and a net margin of 2.43%. As a group, analysts anticipate that Issuer Direct will post 0.52 EPS for the current year.

Insiders Place Their Bets

In other Issuer Direct news, insider Topline Capital Management, Ll purchased 14,062 shares of the business’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $9.83 per share, for a total transaction of $138,229.46. Following the completion of the purchase, the insider now directly owns 577,140 shares of the company’s stock, valued at $5,673,286.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Topline Capital Management, Ll bought 14,062 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $9.83 per share, for a total transaction of $138,229.46. Following the completion of the purchase, the insider now owns 577,140 shares of the company’s stock, valued at $5,673,286.20. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 22,469 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were purchased at an average price of $7.83 per share, for a total transaction of $175,932.27. Following the completion of the purchase, the insider now directly owns 685,324 shares of the company’s stock, valued at approximately $5,366,086.92. The disclosure for this purchase can be found here. Insiders have acquired 129,273 shares of company stock worth $1,200,126 over the last three months. 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.