Issuer Direct (NYSEAMERICAN:ISDR) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Issuer Direct (NYSEAMERICAN:ISDRGet Rating) from a hold rating to a sell rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “ISSUER DIRECT CORPORATION operates under several brands in the market, including Elite Financial Press, My EDGAR, Bassett Press, Edgarization, The Edgar Service Bureau, iProxy Direct, Issuer Logistics, Comply, Shareholder Direct, and Audit Ready. As an issuer services focused company, Issuer Direct Corporation helps companies produce and distribute their financial and business communications both online and in print. The Company leverages its securities compliance and regulatory expertise to provide a comprehensive set of services that enhance a client’s ability to communicate effectively with its shareholder base while meeting all reporting regulations required. “

Issuer Direct stock opened at $22.55 on Wednesday. Issuer Direct has a twelve month low of $18.21 and a twelve month high of $33.06. The stock has a market capitalization of $85.31 million, a price-to-earnings ratio of 28.91 and a beta of 0.78.

Issuer Direct (NYSEAMERICAN:ISDRGet Rating) last announced its earnings results on Thursday, March 3rd. The information technology services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). Issuer Direct had a return on equity of 10.87% and a net margin of 14.32%. The business had revenue of $5.72 million for the quarter, compared to the consensus estimate of $5.46 million. On average, equities research analysts anticipate that Issuer Direct will post 0.92 earnings per share for the current year.

In related news, Director J. Patrick Galleher bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were purchased at an average price of $20.20 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now directly owns 52,761 shares of the company’s stock, valued at approximately $1,065,772.20. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William H. Everett sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $27.26, for a total transaction of $54,520.00. The disclosure for this sale can be found here. Company insiders own 32.05% of the company’s stock.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Issuer Direct by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 39,803 shares of the information technology services provider’s stock worth $1,172,000 after purchasing an additional 390 shares during the period. Morgan Stanley lifted its holdings in shares of Issuer Direct by 144.6% during the second quarter. Morgan Stanley now owns 1,118 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 661 shares during the period. BlackRock Inc. lifted its holdings in shares of Issuer Direct by 7.3% during the fourth quarter. BlackRock Inc. now owns 12,448 shares of the information technology services provider’s stock worth $367,000 after purchasing an additional 849 shares during the period. State Street Corp lifted its holdings in shares of Issuer Direct by 15.1% during the first quarter. State Street Corp now owns 7,998 shares of the information technology services provider’s stock worth $238,000 after purchasing an additional 1,050 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Issuer Direct by 0.9% during the first quarter. Vanguard Group Inc. now owns 167,671 shares of the information technology services provider’s stock worth $4,985,000 after purchasing an additional 1,487 shares during the period. Institutional investors own 24.03% of the company’s stock.

Issuer Direct Company Profile (Get Rating)

Issuer Direct Corporation provides shareholder communications and compliance platforms, technologies, and services in the United States and internationally. The company provides Platform id., a platform that manages the events of customers to distribute their messages to constituents, investors, markets, and regulatory systems; whistleblower hotline, which delivers secure notifications and basic incident workflow management processes that align with a company's corporate governance whistleblower policy; proxy module, a real-time voting platform for customers and their shareholders of record; and stock transfer module, a cloud-based platform, which provides access to real-time information about their shareholders, stock ledgers, and reports, as well as issues new shares.

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