Tucows (TCX) Given Daily News Impact Score of 0.06

Xavier Trudeau
Août 13, 2017

(TSX:SHOP)(NYSE:SHOP) - however a few up-and-coming names on the US exchanges in the same space offer investors exposure to the industry at a different stage of the company's life-cycle. Tucows earned a media sentiment score of 0.19 on Accern's scale.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCX.

Shares of Tucows (NASDAQ TCX) traded down 7.18% during trading on Thursday, reaching $54.95. The firm has a market cap of $565.64 million, a price-to-earnings ratio of 37.77 and a beta of 1.36. Tucows has a 52-week low of $33.78 and a 52-week high of $86.33.

Many analysts and investors agree that Shopify's astronomical stock price appreciation has resulted in this company being priced at valuation multiples reserved for only a select handful of companies. Cormark also issued estimates for Tucows' Q4 2017 earnings at $0.69 EPS, Q1 2018 earnings at $0.71 EPS, Q2 2018 earnings at $0.81 EPS and FY2018 earnings at $3.20 EPS. The business had revenue of $69.60 million for the quarter, compared to analysts' expectations of $84.05 million. Tucows had a return on equity of 43.00% and a net margin of 6.55%.

While Tucows still does not boast the impressive growth rates of companies like Shopify, the business' share price appreciation of late tells a very similar story, one that many investors believe has only just begun. During the same quarter a year ago, the company earned $0.42 earnings per share. Equities research analysts expect that Tucows will post $2.20 EPS for the current year. Zacks Investment Research downgraded shares of Tucows from a "hold" rating to a "sell" rating in a research note on Friday, May 12th. BidaskClub raised shares of Tucows from a "hold" rating to a "buy" rating in a research report on Sunday, July 16th. "(TCX) Upgraded by Zacks Investment Research to Hold" was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & global copyright & trademark legislation.

In other Tucows news, Director Rawleigh Hazen Ralls sold 9,531 shares of the business's stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $58.76, for a total transaction of $580,313.76. Following the sale, the director now directly owns 34,355 shares in the company, valued at $1,951,020.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Davinder Singh sold 1,236 shares of the firm's stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $59.92, for a total transaction of $113,848.00. The disclosure for this sale can be found here. Insiders have sold a total of 71,725 shares of company stock worth $4,216,234 over the last ninety days. Insiders own 13.20% of the company's stock.

TD Asset Management Inc. now owns 5,599 shares of the information services provider's stock valued at $300,000 after buying an additional 445 shares during the period. Those looking to purchase a domain name (essentially the leased rights to a domain name) or registration services relating to the purchase and design of a website will go through a company such as Tucows.

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