Tucows Inc. (NASDAQ:TCX) 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 transaction of $402,281.25. Following the completion of the transaction, the director now directly owns 30,625 shares of the company’s stock, valued at $938,656.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tucows Inc. (NASDAQ:TCX) opened at 33.25 on Thursday. The stock’s 50 day moving average is $27.89 and its 200 day moving average is $25.51. The stock has a market capitalization of $346.60 million, a PE ratio of 24.68 and a beta of 0.95. Tucows Inc. has a 12-month low of $17.67 and a 12-month high of $33.28.
Tucows (NASDAQ:TCX) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company had revenue of $47.50 million for the quarter, compared to the consensus estimate of $48.90 million. Tucows had a net margin of 8.08% and a return on equity of 52.28%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. Equities analysts anticipate that Tucows Inc. will post $1.42 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Tucows by 82.9% in the second quarter. Royal Bank of Canada now owns 12,647 shares of the company’s stock valued at $308,000 after buying an additional 5,732 shares in the last quarter. Van Berkom & Associates Inc. acquired a new position in shares of Tucows during the second quarter valued at about $142,000. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in shares of Tucows during the second quarter valued at about $463,000. 19.97% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 target price on shares of Tucows in a report on Friday, August 26th. Zacks Investment Research cut shares of Tucows from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th.
Tucows Company Profile
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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