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

Research analysts at StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the stock.

Issuer Direct Stock Down 0.5 %

Shares of NYSE:ISDR opened at $11.53 on Friday. The stock has a fifty day simple moving average of $13.42 and a two-hundred day simple moving average of $15.23. The stock has a market capitalization of $44.06 million, a price-to-earnings ratio of 57.67 and a beta of 0.86. Issuer Direct has a 12-month low of $11.50 and a 12-month high of $23.40. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45.

Issuer Direct (NYSE:ISDR) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $7.54 million during the quarter, compared to analysts’ expectations of $8.20 million. Issuer Direct had a return on equity of 10.90% and a net margin of 2.29%. On average, research analysts anticipate that Issuer Direct will post 0.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Issuer Direct news, Director Graeme P. Rein bought 4,131 shares of Issuer Direct stock in a transaction on Thursday, March 21st. The stock was acquired at an average price of $11.98 per share, with a total value of $49,489.38. Following the acquisition, the director now owns 201,745 shares in the company, valued at $2,416,905.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Issuer Direct news, major shareholder Topline Capital Partners, Lp bought 10,498 shares of Issuer Direct stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $11.90 per share, with a total value of $124,926.20. Following the acquisition, the insider now owns 556,051 shares in the company, valued at $6,617,006.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Graeme P. Rein acquired 4,131 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $11.98 per share, with a total value of $49,489.38. Following the acquisition, the director now directly owns 201,745 shares of the company’s stock, valued at $2,416,905.10. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 27,743 shares of company stock valued at $330,683. Corporate insiders own 26.08% of the company’s stock.

Institutional Trading of Issuer Direct

Several large investors have recently modified their holdings of ISDR. Dimensional Fund Advisors LP grew its holdings in shares of Issuer Direct by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 42,429 shares of the company’s stock worth $1,261,000 after acquiring an additional 2,626 shares during the period. Vanguard Group Inc. grew its holdings in shares of Issuer Direct by 0.9% in the first quarter. Vanguard Group Inc. now owns 167,671 shares of the company’s stock worth $4,985,000 after acquiring an additional 1,487 shares during the period. State Street Corp grew its holdings in shares of Issuer Direct by 15.1% in the first quarter. State Street Corp now owns 7,998 shares of the company’s stock worth $238,000 after acquiring an additional 1,050 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Issuer Direct by 25.0% in the second quarter. Renaissance Technologies LLC now owns 39,038 shares of the company’s stock worth $994,000 after acquiring an additional 7,800 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Issuer Direct by 97.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,867 shares of the company’s stock valued at $37,000 after purchasing an additional 920 shares in the last quarter. Institutional investors own 50.02% 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.