Zacks Investment Research upgraded shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) from a sell rating to a hold rating in a research note issued to investors on Thursday, July 13th.
According to Zacks, “Tucows Inc. is a pioneering provider of personalized information agents and Web sites. They deliver information over the Internet and other communications mediums such as email. Their sites provide users with relevant information they cannot conveniently locate in any one place elsewhere on the Internet. “
Shares of Tucows (NASDAQ:TCX) traded down 2.46% on Thursday, reaching $53.60. 135,772 shares of the company traded hands. The stock has a 50-day moving average price of $55.62 and a 200 day moving average price of $53.85. Tucows has a 1-year low of $26.42 and a 1-year high of $63.20. The firm has a market capitalization of $565.59 million, a P/E ratio of 37.77 and a beta of 1.36.
Tucows (NASDAQ:TCX) (TSE:TC) last issued its earnings results on Tuesday, May 9th. The information services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.13. Tucows had a net margin of 6.06% and a return on equity of 43.78%. The business had revenue of $69.60 million during the quarter, compared to analyst estimates of $84.05 million. During the same quarter last year, the company earned $0.42 earnings per share. Tucows’s quarterly revenue was up 55.7% on a year-over-year basis. Analysts anticipate that Tucows will post $2.20 EPS for the current fiscal year.
In other Tucows news, Director Rawleigh Hazen Iv Ralls sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $58.56, for a total value of $1,756,800.00. Following the transaction, the director now directly owns 115,997 shares of the company’s stock, valued at approximately $6,792,784.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Goldstein sold 4,163 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $56.83, for a total transaction of $236,583.29. The disclosure for this sale can be found here. In the last three months, insiders sold 175,825 shares of company stock valued at $10,192,803. Insiders own 13.20% of the company’s stock.
Large investors have recently modified their holdings of the company. TD Asset Management Inc. raised its stake in shares of Tucows by 8.6% in the second quarter. TD Asset Management Inc. now owns 5,599 shares of the information services provider’s stock valued at $300,000 after buying an additional 445 shares during the last quarter. D.A. Davidson & CO. raised its stake in Tucows by 27.1% in the second quarter. D.A. Davidson & CO. now owns 7,701 shares of the information services provider’s stock valued at $412,000 after buying an additional 1,643 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Tucows by 15.1% in the first quarter. Goldman Sachs Group Inc. now owns 13,816 shares of the information services provider’s stock valued at $705,000 after buying an additional 1,816 shares in the last quarter. Airain ltd raised its stake in Tucows by 34.4% in the second quarter. Airain ltd now owns 7,593 shares of the information services provider’s stock valued at $406,000 after buying an additional 1,945 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in Tucows during the second quarter valued at approximately $129,000. Institutional investors own 31.84% of the company’s stock.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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