Analysts Set $30.50 Price Target for Tucows Inc. (TCX)
Tucows Inc. (NASDAQ:TCX) has received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. Tucows’ rating score has declined by 100% from three months ago as a result of various analysts’ ratings changes.
Brokerages have set a 12 month consensus price objective of $30.50 for the company and are anticipating that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Tucows an industry rank of 31 out of 265 based on the ratings given to related companies.
TCX has been the subject of several recent research reports. Cantor Fitzgerald lowered Tucows from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Zacks Investment Research lowered Tucows from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th.
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Shares of Tucows (NASDAQ:TCX) traded down 0.13% on Tuesday, reaching $29.76. 11,240 shares of the company were exchanged. The stock has a market capitalization of $310.22 million, a P/E ratio of 22.09 and a beta of 0.99. The stock has a 50 day moving average price of $29.47 and a 200-day moving average price of $26.35. Tucows has a 12 month low of $17.67 and a 12 month high of $34.66.
Tucows (NASDAQ:TCX) last released its quarterly earnings results on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $48.90 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Tucows’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts expect that Tucows will post $1.42 EPS for the current fiscal year.
In other news, Director Erez Gissin sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was 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 of the company’s stock, valued at $198,925. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Rawleigh Hazen Iv Ralls sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $27.46, for a total value of $1,373,000.00. Following the completion of the transaction, the director now directly owns 281,575 shares of the company’s stock, valued at approximately $7,732,049.50. The disclosure for this sale can be found here. Company insiders own 17.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised 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 worth $308,000 after buying an additional 5,732 shares during the period. Van Berkom & Associates Inc. acquired a new position in Tucows during the second quarter worth $142,000. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in Tucows during the second quarter worth $463,000. 19.98% of the stock is owned by hedge funds and other institutional investors.
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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