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

Posted by on Jul 16th, 2023

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

A number of other research firms have also issued reports on ISDR. TheStreet lowered shares of Issuer Direct from a “b” rating to a “c” rating in a report on Friday, March 24th. Northland Securities reduced their target price on shares of Issuer Direct from $30.00 to $27.00 in a research report on Friday, May 12th.

Issuer Direct Trading Down 0.3 %

Shares of ISDR opened at $19.32 on Friday. The company has a 50-day moving average of $19.47 and a 200 day moving average of $23.39. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.83 and a quick ratio of 0.83. Issuer Direct has a 1-year low of $17.03 and a 1-year high of $29.20. The firm has a market capitalization of $73.22 million, a price-to-earnings ratio of 56.82 and a beta of 0.82.

Issuer Direct (NYSE:ISDR – Get Free Report) last released its earnings results on Thursday, May 11th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. Issuer Direct had a net margin of 4.75% and a return on equity of 10.43%. The company had revenue of $8.62 million for the quarter, compared to the consensus estimate of $8.56 million. On average, research analysts expect that Issuer Direct will post 1.21 EPS for the current year.

Institutional Investors Weigh In On Issuer Direct

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 valued at $4,985,000 after purchasing an additional 1,487 shares during the period. Dimensional Fund Advisors LP lifted its stake in 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 last quarter. Punch & Associates Investment Management Inc. lifted its stake in Issuer Direct by 9.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 57,000 shares of the company’s stock worth $1,198,000 after acquiring an additional 5,000 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Issuer Direct by 25.0% during the second quarter. Renaissance Technologies LLC now owns 39,038 shares of the company’s stock worth $994,000 after purchasing an additional 7,800 shares in the last quarter. Finally, State Street Corp raised its holdings in Issuer Direct by 15.1% during the first quarter. State Street Corp now owns 7,998 shares of the company’s stock worth $238,000 after purchasing an additional 1,050 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Issuer Direct Company Profile

(Get Free Report)

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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