Key Points
- CEO Brian Balbirnie bought 10,000 shares of ACCESS Newswire (ACCS) at an average price of $6.46 per share, a $64,600 purchase that increased his ownership by 1.61%.
- The stock was trading up 2.2% and opened at $6.46, near the low end of its 52-week range of $5.99 to $13.35, with a market cap of about $25.06 million.
- ACCESS Newswire recently reported Q1 earnings of $0.11 per share on $5.33 million in revenue, while analysts currently maintain a Buy consensus with a $12.00 average target price.
ACCESS Newswire Inc. (NYSEAMERICAN:ACCS - Get Free Report) CEO Brian Balbirnie purchased 10,000 shares of ACCESS Newswire stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of $6.46 per share, with a total value of $64,600.00. Following the transaction, the chief executive officer owned 632,917 shares in the company, valued at approximately $4,088,643.82. The trade was a 1.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
ACCESS Newswire Trading Up 2.2%
NYSEAMERICAN:ACCS opened at $6.46 on Friday. ACCESS Newswire Inc. has a twelve month low of $5.99 and a twelve month high of $13.35. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $7.71 and a two-hundred day moving average price of $8.14. The company has a market cap of $25.06 million, a P/E ratio of -14.68 and a beta of 0.48.
ACCESS Newswire (NYSEAMERICAN:ACCS - Get Free Report) last released its quarterly 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 firm had revenue of $5.33 million during the quarter. As a group, analysts expect that ACCESS Newswire Inc. will post 0.31 EPS for the current fiscal year.
Institutional Investors Weigh In On ACCESS Newswire
A number of institutional investors and hedge funds have recently made changes to their positions in ACCS. Topline Capital Management LLC bought a new stake in shares of ACCESS Newswire during the 2nd quarter worth approximately $8,724,000. Herald Investment Management Ltd bought a new stake in shares of ACCESS Newswire during the 3rd quarter worth approximately $956,000. Geode Capital Management LLC bought a new stake in shares of ACCESS Newswire during the 2nd quarter worth approximately $362,000. Mink Brook Asset Management LLC bought a new stake in shares of ACCESS Newswire during the 3rd quarter worth approximately $219,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in ACCESS Newswire in the 4th quarter valued at $140,000. Institutional investors own 50.02% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital dropped their price objective on ACCESS Newswire from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $12.00.
View Our Latest Report on ACCS
ACCESS Newswire Company Profile
(
Get Free Report)
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.
Further Reading
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