BidaskClub downgraded shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, Zacks Investment Research raised shares of Tucows from a sell rating to a hold rating in a research note on Thursday, July 13th.

Tucows (NASDAQ TCX) opened at 52.65 on Friday. The firm’s 50 day moving average is $56.36 and its 200-day moving average is $53.40. Tucows has a 12 month low of $25.78 and a 12 month high of $63.20. The firm has a market cap of $553.30 million, a price-to-earnings ratio of 39.95 and a beta of 1.36.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings data on Tuesday, May 9th. The information services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.47 by $0.13. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $84.05 million. Tucows had a net margin of 6.55% and a return on equity of 43.00%. Tucows’s revenue was up 55.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. On average, equities analysts forecast that Tucows will post $2.20 EPS for the current year.

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In other news, CFO Davinder Singh sold 1,236 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $60.00, for a total value of $74,160.00. Following the completion of the sale, the chief financial officer now owns 1,764 shares of the company’s stock, valued at approximately $105,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rawleigh Hazen Iv Ralls sold 52,500 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $56.79, for a total transaction of $2,981,475.00. Following the completion of the sale, the director now directly owns 34,355 shares of the company’s stock, valued at approximately $1,951,020.45. The disclosure for this sale can be found here. In the last three months, insiders sold 185,701 shares of company stock valued at $10,773,117. Corporate insiders own 13.20% of the company’s stock.

Several large investors have recently made changes to their positions in TCX. TD Asset Management Inc. raised its stake in Tucows by 8.6% in the second quarter. TD Asset Management Inc. now owns 5,599 shares of the information services provider’s stock worth $300,000 after buying an additional 445 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Tucows by 15.1% in the first quarter. Goldman Sachs Group Inc. now owns 13,816 shares of the information services provider’s stock worth $705,000 after buying an additional 1,816 shares in the last quarter. Legal & General Group Plc purchased a new stake in Tucows during the second quarter worth approximately $129,000. Strs Ohio purchased a new stake in Tucows during the second quarter worth approximately $139,000. Finally, Segantii Capital Management Ltd purchased a new stake in Tucows during the first quarter worth approximately $189,000. 31.84% of the stock is owned by institutional investors.

About Tucows

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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