Tucows (NASDAQ:TCX) Cut to Sell at BidaskClub

BidaskClub lowered shares of Tucows (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

TCX has been the topic of a number of other reports. Zacks Investment Research lowered Yatra Online from a hold rating to a sell rating in a report on Saturday, July 6th. Echelon Wealth Partners upgraded Nanotech Security from a hold rating to a speculative buy rating in a report on Thursday, May 9th. Finally, ValuEngine upgraded Zillow Group from a hold rating to a buy rating in a report on Thursday, July 11th.

TCX stock opened at $50.90 on Tuesday. Tucows has a twelve month low of $48.43 and a twelve month high of $90.21. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $58.91. The company has a market capitalization of $532.32 million, a price-to-earnings ratio of 32.01 and a beta of 1.09.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly 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 business had revenue of $78.95 million for the quarter, compared to the consensus estimate of $83.00 million. Tucows had a return on equity of 21.03% and a net margin of 4.92%. The business’s revenue was down 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, research analysts expect that Tucows will post 1.5 EPS for the current year.

In related news, EVP David John Woroch sold 6,000 shares of Tucows stock in a transaction on Friday, June 14th. The stock was sold at an average price of $60.68, for a total transaction of $364,080.00. Following the sale, the executive vice president now directly owns 52,872 shares in the company, valued at $3,208,272.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Elliot Noss sold 1,500 shares of Tucows stock in a transaction on Monday, July 15th. The stock was sold at an average price of $49.13, for a total value of $73,695.00. Following the sale, the chief executive officer now 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 large investors have recently added to or reduced their stakes in the business. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its position in Tucows by 6.6% in the second quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,256,776 shares of the information services provider’s stock worth $76,687,000 after buying an additional 77,483 shares during the last quarter. BlackRock Inc. increased its position in Tucows by 0.9% in the fourth quarter. BlackRock Inc. now owns 497,236 shares of the information services provider’s stock worth $29,864,000 after buying an additional 4,562 shares during the last quarter. FMR LLC increased its position in Tucows by 64,185.7% in the fourth quarter. FMR LLC now owns 450,000 shares of the information services provider’s stock worth $27,027,000 after buying an additional 449,300 shares during the last quarter. Manitou Investment Management Ltd. increased its position in Tucows by 388.0% in the first quarter. Manitou Investment Management Ltd. now owns 67,194 shares of the information services provider’s stock worth $5,450,000 after buying an additional 53,424 shares during the last quarter. Finally, Martingale Asset Management L P increased its position in Tucows by 39.5% in the first quarter. Martingale Asset Management L P now owns 48,004 shares of the information services provider’s stock worth $3,898,000 after buying an additional 13,600 shares during the last quarter. 58.77% of the stock is owned by institutional investors and hedge funds.

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.

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