Tucows Inc. (NASDAQ:TCX) (TSE:TC) VP Michael Goldstein sold 4,163 shares of Tucows stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $56.83, for a total transaction of $236,583.29. The sale was disclosed in a document filed with the SEC, which is available at this link.
Michael Goldstein also recently made the following trade(s):
- On Friday, May 12th, Michael Goldstein sold 9,876 shares of Tucows stock. The stock was sold at an average price of $58.76, for a total transaction of $580,313.76.
Tucows Inc. (NASDAQ:TCX) traded up 1.22% on Friday, reaching $58.30. 17,942 shares of the company’s stock were exchanged. Tucows Inc. has a 1-year low of $22.82 and a 1-year high of $63.20. The firm has a market capitalization of $612.67 million, a price-to-earnings ratio of 44.23 and a beta of 1.42. The stock’s 50 day moving average price is $57.15 and its 200 day moving average price is $44.68.
Tucows (NASDAQ:TCX) last released its quarterly earnings data on Tuesday, May 9th. The information services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.13. Tucows had a return on equity of 51.56% and a net margin of 8.41%. The firm had revenue of $69.60 million during the quarter, compared to analyst estimates of $84.05 million. During the same period last year, the business earned $0.42 EPS. The firm’s revenue was up 55.7% on a year-over-year basis. On average, analysts expect that Tucows Inc. will post $2.20 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in TCX. Segantii Capital Management Ltd purchased a new stake in Tucows during the first quarter worth $189,000. Spark Investment Management LLC purchased a new stake in Tucows during the third quarter worth $217,000. O Shaughnessy Asset Management LLC purchased a new stake in Tucows during the fourth quarter worth $221,000. Bard Associates Inc. purchased a new stake in Tucows during the first quarter worth $236,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Tucows during the first quarter worth $249,000. 22.48% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of Tucows from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday, January 25th.
Tucows Company Profile
Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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