Northland Securities Reaffirms “Buy” Rating for Issuer Direct (NYSEAMERICAN:ISDR)

Northland Securities reaffirmed their buy rating on shares of Issuer Direct (NYSEAMERICAN:ISDR) in a research report released on Friday, reports. They currently have a $16.00 price target on the information technology services provider’s stock.

Separately, Zacks Investment Research lowered Issuer Direct from a buy rating to a hold rating in a report on Tuesday.

Shares of NYSEAMERICAN ISDR traded down $0.48 during midday trading on Friday, hitting $9.99. 27,811 shares of the company’s stock were exchanged, compared to its average volume of 7,832. Issuer Direct has a 12-month low of $9.33 and a 12-month high of $18.50.

Issuer Direct (NYSEAMERICAN:ISDR) last issued its quarterly earnings data on Thursday, May 2nd. The information technology services provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The business had revenue of $4.18 million for the quarter, compared to analysts’ expectations of $4.08 million.

A hedge fund recently raised its stake in Issuer Direct stock. Punch & Associates Investment Management Inc. lifted its holdings in shares of Issuer Direct Corp (NYSEAMERICAN:ISDR) by 35.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,000 shares of the information technology services provider’s stock after purchasing an additional 7,000 shares during the quarter. Punch & Associates Investment Management Inc. owned 0.70% of Issuer Direct worth $334,000 at the end of the most recent quarter.

About Issuer Direct

Issuer Direct Corporation provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies in North America and Europe. It offers products and services that enable companies' to produce and distribute their financial and business communications online and in print.

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