Tucows Inc. (NASDAQ:TCX) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation. Tucows’ rating score has declined by 100% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a 1-year consensus target price of $30.50 for the company and are forecasting that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also given Tucows an industry rank of 52 out of 265 based on the ratings given to its competitors.
Several brokerages have recently commented on TCX. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price target on shares of Tucows in a research note on Friday, August 26th. Zacks Investment Research lowered Tucows from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 11th.
In other Tucows news, Director Jeffrey Nathan Schwartz sold 13,125 shares of Tucows stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $30.65, for a total value of $402,281.25. Following the transaction, the director now owns 30,625 shares in the company, valued at $938,656.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Erez Gissin sold 10,000 shares of Tucows stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $27.25, for a total value of $272,500.00. Following the completion of the transaction, the director now owns 7,300 shares in the company, valued at approximately $198,925. The disclosure for this sale can be found here. 17.20% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new stake in shares of Tucows during the second quarter worth $463,000. Royal Bank of Canada raised its stake in shares of Tucows by 8,653.2% in the first quarter. Royal Bank of Canada now owns 6,915 shares of the company’s stock worth $155,000 after buying an additional 6,836 shares during the last quarter. Finally, Van Berkom & Associates Inc. acquired a new stake in shares of Tucows during the second quarter worth $142,000. Institutional investors and hedge funds own 19.97% of the company’s stock.
Tucows (NASDAQ:TCX) traded up 4.5409% during trading on Wednesday, reaching $32.6063. 174,923 shares of the company’s stock traded hands. The company has a 50 day moving average of $27.73 and a 200 day moving average of $25.46. Tucows has a one year low of $17.67 and a one year high of $32.95. The firm has a market cap of $339.89 million, a price-to-earnings ratio of 24.2066 and a beta of 0.95.
Tucows (NASDAQ:TCX) last released its earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Tucows had a return on equity of 52.28% and a net margin of 8.08%. The business earned $47.50 million during the quarter, compared to the consensus estimate of $48.90 million. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts predict that Tucows will post $1.53 EPS for the current year.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.
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