Issuer Direct (NYSE:ISDR) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a report issued on Saturday. The firm set a “buy” rating on the stock.

Issuer Direct Price Performance

NYSE ISDR opened at $11.39 on Friday. Issuer Direct has a 12 month low of $7.61 and a 12 month high of $19.03. The firm has a market capitalization of $43.48 million, a PE ratio of 56.95 and a beta of 0.75. The company’s 50 day simple moving average is $9.95 and its 200 day simple moving average is $10.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82.

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

Insider Activity

In other Issuer Direct news, major shareholder Topline Capital Partners, Lp purchased 4,114 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of $9.76 per share, for a total transaction of $40,152.64. Following the completion of the transaction, the insider now owns 709,264 shares in the company, valued at approximately $6,922,416.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Topline Capital Partners, Lp purchased 4,114 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average price of $9.76 per share, for a total transaction of $40,152.64. Following the transaction, the insider now directly owns 709,264 shares of the company’s stock, valued at approximately $6,922,416.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Topline Capital Management, Ll purchased 19,826 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $9.65 per share, for a total transaction of $191,320.90. Following the purchase, the insider now directly owns 705,150 shares in the company, valued at approximately $6,804,697.50. The disclosure for this purchase can be found here. Insiders own 26.08% of the company’s stock.

Issuer Direct Company Profile

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.