Tucows Inc. (NASDAQ:TCX) CEO Elliot Noss Sells 1,500 Shares of Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $61.79, for a total transaction of $92,685.00. Following the transaction, the chief executive officer now directly owns 555,161 shares in the company, valued at $34,303,398.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:TCX opened at $64.18 on Friday. The firm’s 50 day simple moving average is $59.34 and its 200 day simple moving average is $55.23. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.89 and a quick ratio of 0.86. Tucows Inc. has a one year low of $45.01 and a one year high of $90.21. The company has a market cap of $664.25 million, a PE ratio of 40.36 and a beta of 1.16.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Wednesday, November 6th. The information services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. Tucows had a net margin of 4.17% and a return on equity of 16.67%. The business had revenue of $88.13 million for the quarter, compared to the consensus estimate of $87.80 million. Equities research analysts expect that Tucows Inc. will post 1.25 EPS for the current year.

A number of equities analysts recently commented on the stock. ValuEngine raised shares of Tucows from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Zacks Investment Research lowered shares of Tucows from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. Finally, BidaskClub raised shares of Tucows from a “hold” rating to a “buy” rating in a report on Friday, December 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Tucows currently has a consensus rating of “Hold” and an average target price of $100.00.

A number of large investors have recently bought and sold shares of the stock. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its position in Tucows by 24.3% during the 3rd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,562,038 shares of the information services provider’s stock worth $84,600,000 after buying an additional 305,262 shares during the period. Renaissance Technologies LLC lifted its position in shares of Tucows by 1.4% in the 2nd quarter. Renaissance Technologies LLC now owns 513,451 shares of the information services provider’s stock worth $31,331,000 after purchasing an additional 7,118 shares during the period. BlackRock Inc. lifted its position in shares of Tucows by 2.2% in the 2nd quarter. BlackRock Inc. now owns 496,841 shares of the information services provider’s stock worth $30,319,000 after purchasing an additional 10,886 shares during the period. Van Berkom & Associates Inc. lifted its position in shares of Tucows by 10.8% in the 2nd quarter. Van Berkom & Associates Inc. now owns 469,523 shares of the information services provider’s stock worth $49,010,000 after purchasing an additional 45,674 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Tucows by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 333,320 shares of the information services provider’s stock worth $20,339,000 after purchasing an additional 10,188 shares during the period. Institutional investors and hedge funds own 56.59% of the company’s stock.

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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