Insider Buying: ACCESS Newswire (NYSEAMERICAN:ACCS) CEO Acquires $64,600.00 in Stock

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie purchased 10,000 shares of ACCESS Newswire stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of $6.46 per share, with a total value of $64,600.00. Following the completion of the purchase, the chief executive officer directly owned 632,917 shares in the company, valued at $4,088,643.82. This trade represents a 1.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ACCESS Newswire Stock Performance

Shares of NYSEAMERICAN ACCS opened at $6.46 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $25.06 million, a price-to-earnings ratio of -14.68 and a beta of 0.42. The stock’s fifty day moving average price is $7.71 and its two-hundred day moving average price is $8.14. ACCESS Newswire Inc. has a one year low of $5.99 and a one year high of $13.35.

ACCESS Newswire (NYSEAMERICAN:ACCS) last posted its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter. ACCESS Newswire had a positive return on equity of 5.57% and a negative net margin of 7.60%.The company had revenue of $5.33 million during the quarter. On average, equities analysts forecast that ACCESS Newswire Inc. will post 0.31 EPS for the current year.

Institutional Trading of ACCESS Newswire

Large investors have recently modified their holdings of the stock. DRW Securities LLC acquired a new position in ACCESS Newswire in the fourth quarter valued at about $117,000. Nano Cap New Millennium Growth Fund L P bought a new position in ACCESS Newswire in the 4th quarter valued at about $140,000. Bridgeway Capital Management LLC acquired a new position in shares of ACCESS Newswire in the 2nd quarter valued at approximately $163,000. Mink Brook Asset Management LLC acquired a new position in shares of ACCESS Newswire in the 3rd quarter valued at approximately $219,000. Finally, Geode Capital Management LLC bought a new stake in shares of ACCESS Newswire during the 2nd quarter worth approximately $362,000. 50.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital decreased their target price on shares of ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ACCESS Newswire currently has an average rating of “Buy” and an average target price of $12.00.

About ACCESS Newswire

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.