Issuer Direct (NYSE:ISDR) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR – Get Rating) in a report released on Thursday. The brokerage set a “strong-buy” rating on the stock.

A number of other research analysts have also recently commented on the stock. Northland Securities cut their price target on shares of Issuer Direct from $30.00 to $27.00 in a report on Friday, May 12th. TheStreet cut shares of Issuer Direct from a “b” rating to a “c” rating in a report on Friday, March 24th.

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Issuer Direct Trading Up 1.4 %

NYSE ISDR opened at $19.19 on Thursday. The company’s 50-day moving average price is $20.17 and its 200-day moving average price is $24.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57. The stock has a market cap of $72.73 million, a PE ratio of 56.44 and a beta of 0.84. Issuer Direct has a 12 month low of $17.03 and a 12 month high of $29.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Issuer Direct by 0.9% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in Issuer Direct by 6.6% during the 1st 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 in the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of Issuer Direct by 9.6% during the first quarter. Punch & Associates Investment Management Inc. now owns 57,000 shares of the company’s stock valued at $1,198,000 after buying an additional 5,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Issuer Direct by 25.0% during the second quarter. Renaissance Technologies LLC now owns 39,038 shares of the company’s stock valued at $994,000 after buying an additional 7,800 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Issuer Direct by 15.1% during the first quarter. State Street Corp now owns 7,998 shares of the company’s stock valued at $238,000 after buying an additional 1,050 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

About Issuer Direct

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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 VisualWebcaster 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.

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