Tucows (NASDAQ:TCX) Downgraded by BidaskClub to “Sell”

Tucows (NASDAQ:TCX) (TSE:TC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports.

A number of other research analysts also recently commented on the stock. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Zacks Investment Research downgraded shares of Yatra Online from a “hold” rating to a “sell” rating in a research report on Saturday, July 6th. Finally, Echelon Wealth Partners raised shares of Nanotech Security from a “hold” rating to a “speculative buy” rating in a research report on Thursday, May 9th.

NASDAQ TCX opened at $49.96 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.76 and a quick ratio of 0.74. The firm has a fifty day moving average of $59.09. The stock has a market cap of $529.33 million, a P/E ratio of 31.42 and a beta of 1.09. Tucows has a 12 month low of $48.43 and a 12 month high of $90.21.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Wednesday, May 8th. The information services provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The company had revenue of $78.95 million during the quarter, compared to analysts’ expectations of $83.00 million. Tucows had a net margin of 4.92% and a return on equity of 21.03%. The company’s quarterly revenue was down 17.6% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. As a group, equities analysts expect that Tucows will post 1.5 earnings per share for the current year.

In other Tucows news, EVP David John Woroch sold 6,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $60.68, for a total transaction of $364,080.00. Following the transaction, the executive vice president now directly owns 52,872 shares of the company’s stock, valued at approximately $3,208,272.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Elliot Noss sold 1,500 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $49.13, for a total transaction of $73,695.00. Following the transaction, the chief executive officer now directly owns 554,135 shares in the company, valued at $27,224,652.55. The disclosure for this sale can be found here. Company insiders own 11.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of TCX. Legal & General Group Plc grew its position in Tucows by 17.5% during the 4th quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock worth $108,000 after purchasing an additional 267 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Tucows by 49,575.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,987 shares of the information services provider’s stock worth $161,000 after purchasing an additional 1,983 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Tucows by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,115 shares of the information services provider’s stock worth $187,000 after purchasing an additional 2,433 shares during the last quarter. Bank of America Corp DE grew its position in Tucows by 114.4% during the 4th quarter. Bank of America Corp DE now owns 5,334 shares of the information services provider’s stock worth $320,000 after purchasing an additional 2,846 shares during the last quarter. Finally, CLARET ASSET MANAGEMENT Corp grew its position in Tucows by 9.7% during the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 5,721 shares of the information services provider’s stock worth $458,000 after purchasing an additional 504 shares during the last quarter. 58.77% of the stock is currently owned by institutional investors.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.

Read More: Sell-Side Analysts

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