Issuer Direct Corporation (ISDR) Gets a Buy Rating from Northland Securities

By Jason Carr

Northland Securities analyst Michael Grondahl maintained a Buy rating on Issuer Direct Corporation (ISDRResearch Report) today and set a price target of $16. The company’s shares closed yesterday at $10.47, close to its 52-week low of $9.75.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 16.5% and a 59.3% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Issuer Direct Corporation with a $16 average price target.

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The company has a one-year high of $18.50 and a one-year low of $9.75. Currently, Issuer Direct Corporation has an average volume of 9,541.

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Issuer Direct Corp. is a communications company, which engages in the provision of tools, technologies and services through a network. Its platform includes Platform id., which integrates eliminates the complexity associated with producing and distributing financial and business communications.