Issuer Direct (NYSE:ISDR) Now Covered by StockNews.com

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

Issuer Direct Trading Down 2.8 %

Shares of ISDR stock opened at $9.09 on Thursday. Issuer Direct has a 12-month low of $7.61 and a 12-month high of $23.40. The company has a market capitalization of $34.70 million, a PE ratio of 45.45 and a beta of 0.73. The firm has a 50 day moving average price of $9.02 and a two-hundred day moving average price of $12.08. 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 the consensus estimate of $0.21 by ($0.11). Issuer Direct had a return on equity of 9.01% and a net margin of 2.43%. The firm had revenue of $6.96 million for the quarter, compared to analyst estimates of $8.63 million. As a group, analysts predict that Issuer Direct will post 0.52 earnings per share for the current year.

Insider Activity

In other Issuer Direct news, insider Topline Capital Management, Ll bought 7,027 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $70,270.00. Following the transaction, the insider now directly owns 563,078 shares in the company, valued at approximately $5,630,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Topline Capital Management, Ll acquired 7,027 shares of the company’s stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $10.00 per share, with a total value of $70,270.00. Following the acquisition, the insider now directly owns 563,078 shares of the company’s stock, valued at $5,630,780. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 36,559 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $9.46 per share, with a total value of $345,848.14. Following the completion of the transaction, the insider now owns 643,699 shares in the company, valued at approximately $6,089,392.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 129,273 shares of company stock valued at $1,200,126. 26.08% of the stock is owned by company insiders.

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.