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

StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a research note published on Monday. The brokerage issued a hold rating on the stock.

Issuer Direct Stock Performance

NYSE ISDR opened at $11.13 on Monday. The company has a market capitalization of $42.48 million, a P/E ratio of 55.65 and a beta of 0.74. The company has a fifty day moving average of $10.32 and a 200-day moving average of $10.10. Issuer Direct has a 52-week low of $7.61 and a 52-week high of $19.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82.

Issuer Direct (NYSE:ISDR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $7.69 million during the quarter, compared to the consensus estimate of $7.62 million. Issuer Direct had a negative net margin of 1.97% and a positive return on equity of 5.86%. As a group, equities research analysts predict that Issuer Direct will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Issuer Direct news, major shareholder Topline Capital Partners, Lp purchased 4,114 shares of the stock in a transaction on Wednesday, August 28th. The stock was acquired at an average cost of $9.76 per share, with a total value of $40,152.64. Following the completion of the purchase, the insider now directly owns 709,264 shares of the company’s stock, valued at approximately $6,922,416.64. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average cost of $9.76 per share, with a total value of $40,152.64. Following the completion of the purchase, the insider now owns 709,264 shares in the company, valued at approximately $6,922,416.64. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Topline Capital Management, Ll acquired 19,826 shares of the stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost of $9.65 per share, with a total value of $191,320.90. Following the completion of the purchase, the insider now owns 705,150 shares of the company’s stock, valued at approximately $6,804,697.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 26.08% of the stock is currently owned by 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.